84.985USD
Today
-0.24%
5 Days
+14.71%
1 Month
+32.95%
6 Months
+34.04%
Year to Date
+48.64%
1 Year
+29.63%
Opening Price
85.884Previous Closing Price
85.190The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

Short positions below 88.50 with targets at 80.00 & 76.90 in extension.
above 88.50 look for further upside with 91.00 & 94.00 as targets.
short positions below 88.50 with targets at 80.00 & 76.90 in extension.
In a statement released on Wednesday, the G7 group of nations said that their energy ministers supported, in principle, the implementation of proactive measures to address the situation, including the use of strategic reserves, per Reuters.

Rabobank’s RaboResearch Global Economics & Markets team highlights that Oil prices are not fully reflecting escalating risks around the Strait of Hormuz, despite ongoing Iranian attacks on Gulf energy infrastructure and US strikes.

The International Energy Agency (IEA) has proposed the largest-ever release of strategic petroleum reserves, putting downward pressure on crude oil prices and leaving the $80 threshold in jeopardy.

Commerzbank analysts highlight extreme swings in Brent and WTI as the Strait of Hormuz remains effectively closed, forcing key Middle Eastern producers to cut output by an estimated 6.7 million bpd.

West Texas Intermediate (WTI) Crude Oil prices struggle to build on the overnight bounce from sub-$76.00 levels, or the weekly low, and meet with a fresh supply during the Asian session on Wednesday. The commodity currently trades just below the $82.00 mark, down nearly 4% for the day.

The International Energy Agency (IEA) has proposed the largest release of oil reserves in its history in an effort to lower crude prices that have soared during the US-Israel conflict with Iran, the Wall Street Journal reported on Wednesday.

The opening price of US Oil (WTI) on March 5, 2026 was $76.82/bbl.
The price of USOIL can fluctuate due to several factors, including global supply and demand, OPEC production levels, geopolitical tensions, economic growth, currency fluctuations, and changes in inventory levels.
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