99.892USD
Today
+0.60%
5 Days
-0.70%
1 Month
+10.42%
6 Months
+71.22%
Year to Date
+74.71%
1 Year
+62.45%
Opening Price
99.242Previous Closing Price
99.299The 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.

Long positions above 100.50 with targets at 102.70 & 104.55 in extension.
below 100.50 look for further downside with 99.30 & 97.80 as targets.
long positions above 100.50 with targets at 102.70 & 104.55 in extension.
TradingKey - The International Energy Agency (IEA) recently warned that global oil inventories are being depleted at a record pace. Should current conditions persist, oil prices could see a further sharp increase this summer. Morgan Stanley strategist Martijn Rats noted in a report on Monday that, in a worst-case scenario, Brent crude prices could surge to $130–$150 per barrel.

Rabobank’s Senior Macro Strategist Bas van Geffen notes that concerns over the Middle East and the closure of the Strait of Hormuz have pushed Oil prices higher, with Dated Brent moving above $111.

According to the International Energy Agency (IEA), the world oil supply to fall by 3.9 million barrels per day (bpd) in 2026 assuming the oil flows from the Strait of Hormuz, a critical passage to almost 20% of global energy supply, will gradually resume from June (prev. forecast 1.5 million bpd fa

West Texas Intermediate (WTI), futures on NYMEX, corrects to near $97.20 during the European trading session on Wednesday. The Oil price gives back some of its recent gains as escalating hawkish Federal Reserve (Fed) bets have raised concerns over the oil demand outlook.

West Texas Intermediate (WTI), futures on NYMEX, is down 1.5% to near $97.20 during the Asian trading session on Wednesday.

Wednesday's EIA inventory data will test how tight US crude supply has become amid the prolonged Hormuz closure.

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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