Crude oil is a naturally-occurring substance found in certain rock formations in the earth and can be considered the most important commodity in the world today. The product and its derivatives can be found in many applications of modern life from transportation to plastics.
Currently, there are two major benchmarks for world oil prices, West Texas Intermediate (WTI for short) and Brent crude oil. Both are light, sweet crude oils although WTI is relatively sweeter and lighter than its European counterpart. As a result of this, WTI often trades at a premium, usually by just a few dollars a barrel. However, due to a Libyan crisis, which has decreased the supply of light, sweet crude in the European region, and a supply glut at the main storage facility of WTI in Oklahoma, the premium/discount situation has changed and now Brent is more expensive than WTI.
This is a powerful app to help you to get live data about crude oil and gas prices. Stay up to date on the energy market along with prices on Brent crude and WTI crude.
The recent slump in oil prices presents a good investment opportunity.
Key features
* Crude Oil Live Price , Crude Oil Live Market Watch, Crude Oil Live Rate
* Crude Oil Charts are available for intraday MCX Crude Oil, WTI, Brent Crude
* Crude Oil Support & Resistance Levels for MCX Crude Oil, WTI, Brent Crude
* Crude Strength Meter
* Crude Oil Stock Chart
* Crude Oil Production Chart
* International Commodity Market Live Market Watch
* N Gas Chart and Support & Resistance Levels in an upcoming version