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Crude Oil WTI

67.34 USD/bbl 0.69 (1.04%) (Last updated - July 18, 2025 08:58 PM UTC )

Day High

90.75

Day Low

87.03

Previous Close

88.47

52 Week Range

61.56 - 130.5

Change YTD

-5.49%

Risk Disclaimer

About

Performance USD/oz	Change
5 Day	-1.52%
1 Month	-5.54%
3 Months	10.85%
6 Months	-14.45%
52 Week	-17.31%

July 18, 2025 08:58 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
Energy	88E	88E 88 Energy Ltd	0.023	0.001	4.546	0.023	0.022	266,829	26.619 M
Energy	ADX	ADX Adx Energy Ltd	0.026	0.002	7.143	0.028	0.026	143,153	16.253 M
Financial Services	AFA	AFA ASF Group Ltd	0.003	0	0.00	0.003	0.003	--	2.377 M
Energy	ATS	ATS Australis Oil & Gas Ltd	0.007	0.001	12.5	0.007	0.006	2,360,417	10.545 M
Energy	AXP	AXP AXP Energy Limited	0.001	0	0.00	0.001	0.001	100,000	6.685 M
Energy	BAS	BAS Bass Strait Oil Co Ltd	0.028	0.003	12	0.028	0.025	360,491	8.943 M
Basic Materials	BHP	BHP BHP Group Limited	40.290	1.18	3.017	40.400	39.670	14,233,459	198,472.696 M
Energy	BLU	BLU Blue Energy Ltd	0.007	0	0.00	0.007	0.007	50,385	12.957 M
Energy	BNL	BNL Blue Star Helium Ltd	0.006	0	0.00	0.006	0.005	262,021	16.169 M
Energy	BPT	BPT Beach Energy Ltd	1.365	0	0.00	1.380	1.350	2,930,561	3,114.016 M
Energy	BRU	BRU Buru Energy Ltd	0.023	0.001	4.546	0.023	0.022	15,641,906	17.147 M
Energy	BUY	BUY Bounty Oil and Gas NL	0.002	0	0.00	0.002	0.002	276,214	3.123 M
Basic Materials	CEL	CEL Challenger Gold Limited	0.081	0.001	1.22	0.084	0.081	458,472	169.474 M
Energy	CVN	CVN Carnarvon Petroleum Ltd	0.115	0	0.00	0.115	0.110	805,298	205.745 M
Industrials	DOW	DOW Downer Edi Ltd	6.930	0.07	1.02	6.940	6.780	659,617	4,634.136 M
Energy	EEG	EEG Empire Energy Group Ltd	0.230	0.005	2.222	0.230	0.220	22,766,671	228.381 M
Energy	EMP	EMP Emperor Energy Ltd	0.033	0	0.00	0.033	0.032	1,240,675	27.404 M
Energy	EXR	EXR Elixir Petroleum Ltd	0.029	0	0.00	0.029	0.028	197,045	40.589 M
Energy	FAR	FAR FAR Ltd	0.370	0.005	1.37	0.370	0.370	12,704	34.192 M
Basic Materials	FME	FME Future Metals NL	0.022	0.003	15.79	0.023	0.019	2,461,972	18.210 M
Energy	FZR	FZR Fitzroy River Corporation Ltd	0.145	0.015	9.375	0.150	0.145	10,000	15.653 M
Energy	GGE	GGE Grand Gulf Energy Ltd	0.003	0.001	50	0.003	0.002	11,211	5.641 M
Energy	GGX	GGX Gas2grid Ltd	0.001	0	0.00	0.001	0.001	--	3.856 M
Energy	GLL	GLL Galilee Energy Ltd	0.009	0.001	12.5	0.009	0.008	42,041	5.658 M
Energy	GRV	GRV Greenvale Energy Ltd	0.043	0.001	2.273	0.044	0.043	2,259	23.952 M
Basic Materials	HCD	HCD Hydrocarbon Dynamics Ltd	0.003	0	0.00	0.003	0.002	139,152	2.156 M
Energy	HHR	HHR Hartshead Resources NL	0.007	0.001	16.667	0.007	0.006	450,101	16.852 M
Energy	HZN	HZN Horizon Oil Ltd	0.200	0.005	2.564	0.200	0.195	123,463	316.934 M
Energy	ICN	ICN Icon Energy Ltd	0.006	0	0.00	0.006	0.006	--	5.167 M
Energy	JPR	JPR Jupiter Energy Ltd	0.029	0.001	3.333	0.030	0.029	500,000	37.141 M
Energy	KAR	KAR Karoon Energy Ltd	1.930	0.025	1.312	1.935	1.885	3,449,030	1,396.719 M
Energy	KEY	KEY Key Petroleum Ltd	0.046	0	0.00	0.046	0.046	--	1.254 M
Energy	LIO	LIO Lion Energy Ltd	0.010	0	0.00	0.010	0.010	1,524	4.522 M
Energy	LKO	LKO Lakes Oil NL	1.080	0.08	6.897	1.235	1.080	201,240	77.447 M
Energy	MAY	MAY Melbana Energy Ltd	0.023	0.001	4.546	0.023	0.022	183,310	74.144 M
Financial Services	MEC	MEC Morphic Ethical Equities Fund Ltd	1.140	0.03	2.703	1.140	1.120	34,783	37.456 M
Energy	MEL	MEL Metgasco	0.002	0	0.00	0.002	0.002	120,000	3.665 M
Basic Materials	ODY	ODY Odyssey Energy Ltd	0.023	0.001	4.167	0.024	0.022	5,031,015	25.396 M
Energy	OEL	OEL Otto Energy Ltd	0.004	0	0.00	0.004	0.004	1,095,000	19.180 M
Utilities	ORG	ORG Origin Energy Ltd	12.000	0.13	1.095	12.000	11.760	2,796,304	20,675.996 M
Energy	PCL	PCL Pancontinental Oil & Gas NL	0.010	0.001	9.091	0.012	0.010	22,571,850	89.514 M
Energy	PH2	PH2 Pure Hydrogen Corporation Ltd	0.100	0.002	2.041	0.100	0.098	896,238	36.708 M
Energy	PRM	PRM Prominence Energy NL	0.003	0	0.00	0.003	0.002	2,086,522	0.973 M
Energy	PVE	PVE PO Valley Energy Ltd	0.055	0	0.00	0.055	0.055	75,500	63.743 M
Energy	QEM	QEM QEM Ltd	0.030	0.001	3.226	0.032	0.030	1,668,480	8.038 M
Energy	ROG	ROG Red Sky Energy Ltd	0.005	0.001	25	0.005	0.004	527,666	27.111 M
Energy	SHE	SHE Stonehorse Energy Ltd	0.006	0.001	14.286	0.006	0.006	633,334	4.107 M
Energy	STO	STO Santos Ltd	7.800	0.03	0.386	7.800	7.750	9,345,757	25,235.173 M
Energy	STX	STX Strike Energy Ltd	0.160	0.015	10.345	0.160	0.145	5,818,338	415.701 M
Energy	TDO	TDO 3D Energi Limited	0.125	0.01	8.696	0.125	0.115	284,858	38.350 M
Energy	TEG	TEG Triangle Energy Global Ltd	0.002	0.001	33.333	0.003	0.002	1,460,016	6.268 M
Energy	TMK	TMK TMK Energy Ltd	0.002	0	0.00	0.002	0.002	5,514,898	20.445 M
Energy	TOU	TOU Tlou Energy Ltd	0.025	0.006	19.355	0.029	0.025	123,162	40.256 M
Energy	VEA	VEA Viva Energy Group Ltd	2.300	0.02	0.877	2.300	2.280	2,277,383	3,689.727 M
Energy	VEN	VEN Vintage Energy Ltd	0.005	0	0.00	0.005	0.005	38,218,263	10.435 M
Energy	WEL	WEL Winchester Energy Ltd	0.001	0	0.00	0.001	0.001	--	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.