What is the current price of crude oil?

In terms of historical price action, crude oil hit its all-time high of $145.31 per barrel in July 2008. The commodity’s record low of $1.17 happened in February 1946. In 2018, the average US crude price was fluctuating around $67.22. The latest crude oil price as of 21 February 2019 was $57.46.

What factors influence crude oil prices?

The price of oil is the most important value on international commodity markets since crude oil is the most important commodity. Emerging industrial markets such as China, India and Latin America greatly influence the price of oil, since they require more and more oil to support their economic growth and resulting rise in energy consumption.

What is the client sentiment on crude oil prices?

According to the IG Client Sentiment Index, crude oil prices have a mixed bias in the near-term. Crude oil prices are experiencing just their second day in the red for November, having been met by a flurry of conflicting headlines about the state of the global economy.