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Commodities-OIL-Oil

Oil OIL

‎$‎90.471.89(2.13%)(1D)
Invest in Oil
Today
Create an eToro account to buy and sell Oil on a secure, user-friendly trading platform.
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Oil OIL
Trade Oil

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See the top-trending assets with the highest trading volumes and price movements.

Oil News

OIL Price Chart

‎36.18‎
Past Month
1D
1W
1M
6M
1Y
3Y
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*Past performance is not an indication of future results
Asset stable trend

The Oil price is stable this week.

i
A ‘rising’ price indicates that the weekly price has increased by more than 0.5%.
A price ‘on the decline’ indicates that the weekly price has decreased by more than 0.5%.
A ‘stable’ price indicates that the change in weekly price is between -0.5% and 0.5%.
The Oil price today is ‎$‎90.47, a ‎2.13‎% change in the last 24 hours and ‎0‎% in the past week. Oil price changed by ‎0‎% in the past year.
Why trade OIL on eToro?
Start with ‎$‎100

Start with ‎$‎100

registered users worldwide

registered users worldwide

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Live price alerts

Negative Balance Protection

Negative Balance Protection

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OIL Key Metrics
Prev Close
i
The final price of this asset at the end of the last trading day.
‎$‎88.58
Day's Range
i
Shows the high and low prices of the day.
‎$‎88.12 - ‎$‎91.83
52 Week Range
i
Shows the high and low prices of the last year.
‎$‎54.83 - ‎$‎115.58
1Y Return
i
A measure of this asset's return on investment over the last year.
29.38%
Price Change YTD
i
The amount the price of an asset has changed in the current calendar year.
55.73%
All time high
i
The highest recorded price of an asset since its launch.
‎$‎126.72

How can I buy Oil?

To purchase Oil:
01

Create an eToro account:

Sign up for an eToro account and verify your identity.
02

Deposit funds:

Deposit funds into your eToro account using your preferred payment method.
03

Search and purchase:

Search the Oil (OIL) page and place an order to buy Oil.
Trade Oil
Looking for more information? Check out our guides on Academy.
What Is Oil?
Crude Oil is a natural occurring petroleum commodity. It is formed over millions of years and is made up of hydrocarbon deposits and other organic materials from the remains of animals and plants. Having been covered in layers of loam and rock, the mixture is subjected to extreme heat and pressure which eventually turns it into a fossil fuel. The product is then extracted through the drilling process and is refined into various usable products for the petrochemical industry.

Like most non-renewable resources and commodities, the price of Crude Oil is heavily influenced by supply and demand. This commodity’s supply and demand rates are influenced in turn by a wide range of geological, legal, technological, and political elements. The price fluctuations of Crude Oil can have a wider impact on the global economy.

There are two major crude oil contracts which are important benchmarks for the price of oil – Brent Oil and West Texas Intermediate (WTI). Oil is traded as a spot on the CME exchange and is derived from the Crude Oil expiry future. The weight of the nearest futures contract decreases as it draws near its expiry date and the price gradually moves towards the price of the next contract.

Stay up to date with the latest price changes of Oil by adding it to your virtual portfolio.
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What Is Leverage and Margin?
Leverage means using capital borrowed from a broker when opening a position. Sometimes traders may wish to apply leverage in order to obtain more exposure than the amount deposited, as part of their investment strategy.
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Go to the Academy >
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Buy Oil
Invest in Oil
Today
Create an eToro account to buy and sell Oil on a secure, user-friendly trading platform.
Get Started

FAQ

The current price of Oil (OIL) is ‎$‎90.47
Oil's all-time high is ‎$‎126.72
Select the "1D" or "1W" timeframe on the eToro chart and zoom out to see the historical price movements of Oil. The price of Oil has ranged between ‎$‎54.83 and ‎$‎115.58 over the last year.
Oil is very secure. Cryptocurrencies are encrypted using cryptography, which means that Oil transactions cannot be tampered with.
To buy Oil, visit the "Oil (OIL)" page. Once you have created an account and deposited funds, click the "Trade" button and decide how much Oil you want to purchase. You can also place an order that will buy Oil (OIL) at a specific price in the future.
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Today's biggest gainers and losers.
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