Crude Oil

Crude oil is a naturally occurring, unrefined petroleum product, formed from the remains of small animals and plants found at the bottom of the ocean. Over time and under increased pressure and temperature, the remains of these organisms are covered by mud and hardened into rock.

Crude oil is currently used as gasoline, diesel, heating oil (to heat buildings), and other forms of petrochemicals. They’re a great source of fuel, but our resources are limited — they will, and are, running out.

Our heavy reliance on these fossil fuels is also controversial politically because of their environmental impacts.

Nevertheless, the oil market tends to go through cycles of value, so timing an investment where you buy in low and sell high could prove beneficial for your investment portfolio.

There are many ways to invest in crude oil. You can invest directly in oil as a commodity, or indirectly in ownership of energy-related equities. The United States, Saudi Arabia, and Russia are the leading producers of oil in the world. The price of crude oil is generally volatile and subject to various economic situations.

You can read more about the energy source below, where we keep you up to date with all the current news and events regarding crude oil.

Woodside Share Price Rises as Oil Spikes

Shares for Woodside Petroleum Ltd [ASX:WPL] are up 6% since last Friday after a sudden spike in oil prices. Woodside is the largest independent oil and gas company in Australia. Shares for Woodside are trading at $33.26 today, at time of writing.

Attack of the Drones

With the startling news over the weekend of an attack on key oil infrastructure in Saudi Arabia, the week has started off with a bang. Whether it turns into a whimper or not remains to be seen.

What happened to the BHP share price? (ASX:BHP)

There were two main catalysts that led to the demise of BHP’s share price. If you follow the general consensus, blue chip stocks are supposed to be more stable than other stocks in the market. Yet over the last five years...

WTI Crude Looking Shaky

WTI Crude Oil is set up perfectly for more weakness ahead. It is not often you see a set up like this where the weekly and monthly charts have lined up around a very important long-term Point of Control. It takes a long time for the picture to unfold, but once the set-up is complete, the opportunity may not last long.

The Supply Glut is To Blame for Tumbling Crude Prices

The US, Russia, and Saudi Arabia now pump more oil than the 15 member OPEC block combined. And as Bloomberg reported this week, new pipelines in the oil rich US’ Permian Basin are scheduled to deliver an extra two million barrels of oil per day to the Gulf Coast within 18 months.

Oil Producers Set to Sink, Here’s Why

Overnight, US markets were belted with the S&P 500 slipping 3.3%, its biggest fall since 8 February 2018. The Dow Jones Industrial Average also copped a beating, losing 3.1%, also its biggest fall since 8 February 2018. There is a sense of frustration this morning as there is little agreement as to what comes next.

What to Watch for with Aussie Dollar Gold

Today, I’ll take a look at the Aussie dollar gold price, which adjusts for the difference between the US and Aussie dollar exchange rate. This is a far more important price to watch for Aussie gold stock investors.
Money Morning Australia