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Crude Oil WTI

69.97 USD/bbl 0.69 (1%) (Last updated - March 30, 2025 11:59 PM UTC )

Day High

90.75

Day Low

87.03

Previous Close

88.47

52 Week Range

61.56 - 130.5

Change YTD

-15.87%

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About

Performance USD/oz	Change
5 Day	3.95%
1 Month	-7.37%
3 Months	-14.22%
6 Months	-15.87%
52 Week	-15.87%

March 30, 2025 11:59 PM UTC

Data Powered by Stockdio. Data delayed by 5 minutes unless otherwise indicated.

It was in the early part of the 20th century when oil started to replace coal as the main form of fuel. Sooner steam engines were replaced by internal combustion engines, and crude oil gained the status of the most vital fuel among all energy sources. Billions of dollars started flowing in projects worldwide to discover the next big reserves.

Crude oil is a naturally occurring yellow-to-black flammable liquid hydrocarbon substance found beneath the Earth’s surface. These liquid hydrocarbons are formed due to the constant accumulation of organic substances over millions of years in geological ‘kitchen’ in subsurface structures. The sediments are subjected to heat and pressure by overlying rocks and gradually convert the organic sediments into crude oil. The process is referred to as ‘cooking’ by petroleum geologists, and the type of cooking decides the final product, be it natural gas, crude oil or coal.

Crude oil has been the centre of geopolitics for many decades now. It is one of the most traded commodities around the world, but there are very few producers. Almost 40% of the global supply is produced by a handful of nations from the OPEC+ pack. The United States, Canada, China, and few African countries are the major producers outside OPEC+.

Crude oil prices are highly volatile, and trends could reverse overnight. Some of the major factors influencing the price of crude oil are:

Demand and supply
U.S stockpile data
OPEC+ policies
War and conflict in the Middle East or OPEC+ countries
Geopolitics
Policy shift of major oil-consuming countries

Code	Company	Price	Chg	%Chg	High	Low	Volume	Market Cap
88E	88E 88 Energy Ltd	0.001	-0.001	-33.333	0.002	0.001	2030842	28.934 M
ADX	ADX Adx Energy Ltd	0.024	-0.004	-14.286	0.029	0.024	646246	16.105 M
AFA	AFA ASF Group Ltd	0.003	0.000	0.000	0.003	0.003	--	2.377 M
ATS	ATS Australis Oil & Gas Ltd	0.010	0.000	0.000	0.010	0.010	52921	13.005 M
AXP	AXP AXP Energy Limited	0.001	0.000	0.000	0.001	0.001	86732	6.575 M
BAS	BAS Bass Strait Oil Co Ltd	0.053	0.002	3.922	0.054	0.053	92502	14.814 M
BHP	BHP BHP Group Limited	38.200	-1.490	-3.754	39.080	38.200	10479745	201,333.080 M
BLU	BLU Blue Energy Ltd	0.007	0.000	0.000	0.007	0.007	443259	12.957 M
BNL	BNL Blue Star Helium Ltd	0.008	0.000	0.000	0.008	0.008	791678	18.864 M
BPT	BPT Beach Energy Ltd	1.435	-0.050	-3.367	1.467	1.435	4501801	2,828.849 M
BRU	BRU Buru Energy Ltd	0.036	-0.001	-2.703	0.037	0.036	224545	28.838 M
BUY	BUY Bounty Oil and Gas NL	0.003	0.000	0.000	0.003	0.003	--	4.684 M
CEL	CEL Challenger Gold Limited	0.059	-0.002	-3.279	0.061	0.058	296463	101.264 M
CVN	CVN Carnarvon Petroleum Ltd	0.120	0.005	4.348	0.120	0.115	611007	205.745 M
DOW	DOW Downer Edi Ltd	5.420	-0.090	-1.633	5.520	5.400	1012393	3,794.393 M
EEG	EEG Empire Energy Group Ltd	0.180	-0.005	-2.703	0.185	0.180	364910	188.201 M
EMP	EMP Emperor Energy Ltd	0.030	0.000	0.000	0.030	0.029	319321	21.313 M
EXR	EXR Elixir Petroleum Ltd	0.025	0.000	0.000	0.025	0.024	3885647	34.907 M
FAR	FAR FAR Ltd	0.490	-0.010	-2.000	0.490	0.490	16941	45.281 M
FME	FME Future Metals NL	0.012	0.000	0.000	0.012	0.012	14589	6.901 M
FZR	FZR Fitzroy River Corporation Ltd	0.145	0.010	7.407	0.145	0.140	25000	14.574 M
GGE	GGE Grand Gulf Energy Ltd	0.001	-0.001	-50.000	0.002	0.001	3867903	4.901 M
GGX	GGX Gas2grid Ltd	0.001	0.000	0.000	0.001	0.001	--	4.089 M
GLL	GLL Galilee Energy Ltd	0.007	0.000	0.000	0.007	0.006	647000	4.458 M
GRV	GRV Greenvale Energy Ltd	0.051	0.001	2.000	0.051	0.051	12763	25.317 M
HCD	HCD Hydrocarbon Dynamics Ltd	0.003	0.001	50.000	0.003	0.002	1445248	2.156 M
HHR	HHR Hartshead Resources NL	0.006	-0.001	-14.286	0.008	0.006	8435578	19.661 M
HZN	HZN Horizon Oil Ltd	0.210	-0.005	-2.326	0.215	0.210	721484	349.440 M
ICN	ICN Icon Energy Ltd	0.006	0.000	0.000	0.006	0.006	--	4.608 M
JPR	JPR Jupiter Energy Ltd	0.030	-0.001	-3.226	0.031	0.030	6668	39.677 M
KAR	KAR Karoon Energy Ltd	1.575	-0.085	-5.121	1.650	1.570	4573471	1,044.322 M
KEY	KEY Key Petroleum Ltd	0.047	-0.015	-24.194	0.047	0.047	188	1.561 M
LIO	LIO Lion Energy Ltd	0.013	-0.002	-13.333	0.015	0.013	127297	6.783 M
LKO	LKO Lakes Oil NL	1.000	0.000	0.000	1.000	1.000	--	0.059 M
MAY	MAY Melbana Energy Ltd	0.030	-0.001	-3.226	0.031	0.029	2142904	97.736 M
MEC	MEC Morphic Ethical Equities Fund Ltd	1.025	0.000	0.000	1.025	1.025	--	36.075 M
MEL	MEL Metgasco	0.003	0.000	0.000	0.003	0.003	--	4.373 M
ODY	ODY Odyssey Energy Ltd	0.022	-0.001	-4.348	0.022	0.022	515174	19.775 M
OEL	OEL Otto Energy Ltd	0.010	0.000	0.000	0.011	0.010	1209620	47.950 M
ORG	ORG Origin Energy Ltd	10.530	-0.140	-1.312	10.700	10.520	3782516	18,442.037 M
PCL	PCL Pancontinental Oil & Gas NL	0.008	-0.001	-11.111	0.008	0.007	5762162	65.093 M
PH2	PH2 Pure Hydrogen Corporation Ltd	0.088	-0.001	-1.124	0.090	0.086	224626	33.337 M
PRM	PRM Prominence Energy NL	0.003	0.000	0.000	0.003	0.003	--	1.168 M
PVE	PVE PO Valley Energy Ltd	0.039	0.001	2.632	0.041	0.038	6969391	46.358 M
QEM	QEM QEM Ltd	0.055	-0.005	-8.333	0.060	0.055	53046	10.878 M
ROG	ROG Red Sky Energy Ltd	0.006	0.000	0.000	0.006	0.005	3357516	37.956 M
SHE	SHE Stonehorse Energy Ltd	0.005	0.000	0.000	0.005	0.005	157994	3.422 M
STO	STO Santos Ltd	6.660	-0.140	-2.059	6.820	6.660	14590973	21,857.493 M
STX	STX Strike Energy Ltd	0.180	-0.005	-2.703	0.185	0.177	5113359	521.776 M
TDO	TDO 3D Energi Limited	0.105	0.000	0.000	0.105	0.105	--	35.015 M
TEG	TEG Triangle Energy Global Ltd	0.005	0.001	11.111	0.005	0.004	1704233	8.357 M
TMK	TMK TMK Energy Ltd	0.003	0.000	0.000	0.003	0.003	10000000	28.091 M
TOU	TOU Tlou Energy Ltd	0.026	0.005	23.810	0.026	0.024	108639	29.867 M
VEA	VEA Viva Energy Group Ltd	1.705	-0.050	-2.849	1.750	1.705	4734934	4,034.869 M
VEN	VEN Vintage Energy Ltd	0.004	0.000	0.000	0.004	0.004	3310750	7.156 M
WEL	WEL Winchester Energy Ltd	0.002	0.000	0.000	0.002	0.002	--	1.363 M

* Data powered by EODHD®. Data delayed 20 minutes unless otherwise indicated.

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Frequently Asked Questions

1. How is crude oil priced?

Pricing of crude oil depends on several factors, including demand, supply and quality of crude oil. Two of the most important quality parameters of crude oil are its specific gravity and sulphur content. Specific gravity is relative density with respect to water. Low density and low-sulphur content crude oil fetches higher prices in the market. Higher sulphur content increases the risk of corrosion of the piping and equipment through which it is passed during the refining process.

Brent and WTI crude oil are used as benchmarks to rate the quality of crude oil produced from other countries or regions and are priced accordingly. Brent and WTI crude oil have a sulphur content of less than 0.5% and API (American Petroleum Institute) gravity of less than 40.

API Gravity = 141.5/ (S.G at 600)– 131.5

S.G is the specific gravity of crude oil

The oil produced in any region is priced according to its API gravity and sulphur content with respect to benchmark crude oil.

2. How are crude oil future contracts traded?

Oil prices are driven by the demand and supply variables in the market. Traders go for future contracts to hedge their crude oil purchases/investments. Oil futures are derivative instruments that can be traded on exchanges and are often used by traders and oil companies to keep them safe from a sudden spike in prices.

Oil futures are like any other futures contract, traders agree to take the delivery of crude oil on a fixed date in exchange for a set contract price. The positions could be sold out at any time before the expiry date of the contract. If it is not squared off, then the buyer of the contract has to take the delivery of crude oil.

3. What is crude oil spot market?

Crude oil is traded in physical quantities in the ‘spot market’ in near-term delivery contracts. The prices in the spot market are highly volatile as they are traded for a short term. In the spot market, mostly refiners and traders who deal in crude oil trade as they can take the physical delivery.

The payment terms and prices depend on the factors such as currency and relationships between countries. The countries which are in good books fetch favourable prices of their crude oil than the countries whose assets are under the control of extremists.

4. How are various sectors affected by crude oil price fluctuations?

1. Paint industry – petroleum and its derivatives are used as raw materials for the industry.

2. Tyres - petroleum and its derivatives are used as raw materials in the manufacturing of tyres.

3. Aviation industry – Costlier crude oil will lead to price rise in jet fuels.

4. Auto – Higher fuel prices may negatively impact the sales.

5. Cement industry- Uses petroleum products in very little quantity, however, the cost of shipping the final products is heavily influenced by the crude oil prices.

5. Which is the largest producer of crude oil?

The United States of America was the largest crude oil producer in the year 2020. The USA produced 17.62 million barrels of crude oil every day on an average in the year 2020. Russia secured the second position with 10.6 million barrels/ day followed by Saudi Arabia with 9.2 million barrels/day. However, when it comes to reserves, Venezuela holds the worlds’ largest known reserve, estimated at around 3 billion barrels of crude oil. This is around 18% of the total world’s reserve.