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Crude Oil WTI

82.47 USD/bbl 3.52 (4.46%) (Last updated - July 17, 2026 11:59 PM UTC )

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Performance USD/oz	Change
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1 Month	0%
3 Months	0%
6 Months	0%
52 Week	0%

July 17, 2026 11:59 PM UTC

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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
Energy	88E	88E 88 Energy Ltd	0.020	0.002	11.111	0.020	0.019	1,008,560	26.619 M
Energy	ADX	ADX ADX Energy Ltd	0.024	0.002	7.692	0.026	0.024	995,700	23.367 M
Financial Services	AFA	AFA Asf Group Ltd	0.069	0.002	2.985	0.069	0.069	14,920	53.060 M
Energy	ATS	ATS Australis Oil & Gas Ltd	0.020	0	0.00	0.021	0.020	334,358	29.205 M
	AXP	AXP AXP Energy Ltd	0.006	0	0.00	0.006	0.006	51,581	2.005 M
Energy	BAS	BAS Bass Oil Ltd	0.047	0.001	2.083	0.049	0.044	973,409	17.616 M
Basic Materials	BHP	BHP BHP Group Ltd	57.540	1.6	2.705	57.770	57.000	9,890,995	300,472.009 M
Energy	BLU	BLU Blue Energy Ltd	0.004	0.001	33.333	0.004	0.003	6,562,387	12.048 M
Energy	BNL	BNL Blue Star Helium Ltd	0.006	0.001	14.286	0.006	0.005	10,458,405	30.765 M
Energy	BPT	BPT Beach Energy Ltd	0.875	0.005	0.568	0.895	0.870	8,248,054	2,007.574 M
Energy	BRU	BRU Buru Energy Ltd	0.013	0.001	8.333	0.013	0.012	2,898,555	16.288 M
Energy	BUY	BUY Bounty Oil & Gas NL	0.019	0	0.00	0.019	0.019	20,578	18.711 M
	CEL	CEL Challenger Gold Ltd	0.120	0.005	4	0.125	0.120	695,198	304.855 M
Energy	CVN	CVN Carnarvon Energy Ltd	0.105	0	0.00	0.105	0.100	1,054,162	187.854 M
Industrials	DOW	DOW Downer Edi Ltd	7.930	0.03	0.38	8.030	7.870	873,756	5,206.184 M
Energy	EMP	EMP Emperor Energy Ltd	0.080	0.004	4.762	0.080	0.077	373,503	77.125 M
Energy	EXR	EXR Elixir Energy Ltd	0.093	0.004	4.124	0.097	0.091	5,869,927	181.288 M
Energy	FAR	FAR FAR Ltd	0.285	0	0.00	0.285	0.285	3,395	26.337 M
Basic Materials	FME	FME Future Metals NL	0.013	0	0.00	0.013	0.013	663,666	12.459 M
Energy	FZR	FZR Fitzroy River Corporation Ltd	0.225	0.005	2.273	0.225	0.225	44	23.750 M
Energy	GGE	GGE Grand Gulf Energy Ltd	0.002	0	0.00	0.002	0.002	--	6.241 M
Energy	GLL	GLL Galilee Energy Ltd	0.006	0	0.00	0.007	0.006	792,333	10.868 M
Energy	GRV	GRV Greenvale Energy Ltd	0.041	0.002	4.651	0.043	0.041	95,275	25.488 M
Basic Materials	HCD	HCD Hydrocarbon Dynamics Ltd	--	--	0.00	--	--	--	0.431 M
Energy	HHR	HHR Hartshead Resources NL	--	--	0.00	--	--	--	39.532 M
Energy	HZN	HZN Horizon Oil Ltd	0.215	0.01	4.444	0.225	0.215	936,757	399.258 M
Energy	JPR	JPR Jupiter Energy Ltd	0.025	0	0.00	0.025	0.025	--	32.039 M
Energy	KAR	KAR Karoon Energy Ltd	1.500	0.005	0.334	1.530	1.485	7,835,902	1,062.449 M
Energy	KEY	KEY KEY Petroleum Ltd	0.100	0.005	4.762	0.105	0.100	20,170	4.087 M
Energy	LIO	LIO Lion Energy Ltd	0.012	0.001	7.692	0.012	0.012	11,818	5.426 M
Energy	LKO	LKO Lakes Oil NL	0.515	0.015	3	0.515	0.500	3,147	36.713 M
Energy	MAY	MAY Melbana Energy Ltd	0.005	0	0.00	0.005	0.004	55,033	18.910 M
Financial Services	MEC	MEC Morphic Ethical Equities Fund Ltd	1.245	0.005	0.4	1.255	1.245	300	37.896 M
Energy	MEL	MEL Metgasco Ltd	0.012	0	0.00	0.012	0.012	--	0.441 M
Basic Materials	ODY	ODY Odyssey Gold Ltd	0.028	0.002	6.667	0.030	0.028	3,404,324	39.559 M
Energy	OEL	OEL Otto Energy Ltd	0.007	0.001	16.667	0.007	0.007	561	28.770 M
Utilities	ORG	ORG Origin Energy Ltd	10.530	0.15	1.445	10.530	10.385	4,056,613	17,882.120 M
Energy	PCL	PCL Pancontinental Energy NL	0.010	0	0.00	0.010	0.010	386,153	82.861 M
Energy	PRM	PRM Prominence Energy Ltd	0.001	0.001	33.333	0.001	0.001	70,564,011	2.676 M
Energy	PVE	PVE Po Valley Energy Ltd	0.061	0	0.00	0.061	0.061	230,814	70.697 M
Energy	QEM	QEM QEM Ltd	0.017	0.001	6.25	0.017	0.017	317,823	6.021 M
Energy	ROG	ROG Red Sky Energy Ltd	0.001	0	0.00	0.001	0.001	4,986,073	10.570 M
Energy	SHE	SHE Stonehorse Energy Ltd	0.012	0	0.00	0.012	0.012	20,000	8.214 M
Energy	STO	STO Santos Ltd	7.680	0.14	1.857	7.695	7.560	12,433,344	24,488.208 M
Energy	STX	STX Strike Energy Ltd	0.097	0.001	1.02	0.098	0.096	4,677,974	352.741 M
Energy	TDO	TDO 3D Energi Ltd	0.080	0	0.00	0.080	0.080	--	41.938 M
Energy	TEG	TEG Triangle Energy (Global) Ltd	0.001	0	0.00	0.001	0.001	--	2.223 M
Energy	TMK	TMK TMK Energy Ltd	0.150	0.005	3.226	0.155	0.145	86,434	41.808 M
Energy	TOU	TOU Tlou Energy Ltd	0.002	0.001	33.333	0.003	0.002	1,030,647	3.896 M
Energy	VEA	VEA Viva Energy Group Ltd	2.340	0.03	1.299	2.370	2.310	5,945,680	3,843.499 M
Energy	VEN	VEN Vintage Energy Ltd	0.002	0	0.00	0.002	0.002	27,884,102	4.881 M
Energy	WEL	WEL Winchester Energy Ltd	0.001	0.001	50	0.001	0.001	5,500,000	1.713 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.