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74.91% of retail investor accounts lose money when trading CFDs with this provider.

Light Sweet Crude Oil

Light Sweet Crude Oil News

Oil on the up as conflict threatens Middle East
Friday, April 12, 2024 - 07:12
Oil on the up as conflict threatens Middle East
Farmer protests puts spotlight back on commodities 
Thursday, February 15, 2024 - 10:09
Farmer protests puts spotlight back on commodities 
oil-rising-tensions
Friday, February 2, 2024 - 08:25
Oil on the up again as tensions rise
oil-gas-rise-winter
Thursday, December 7, 2023 - 14:19
Oil and gas prices back in the spotlight as snow hits Europe hard

Light Sweet Crude Oil is a benchmark crude produced in Texas (USA) which contracts are traded on Chicago Mercantile Exchange. Historically its prices are close to those of Brent despite a higher quality.

Oil price setting equally depends on the geopolitics, macroeconomics and supply/demand balance. Oil prices are greatly influenced by a concerted position of Organization of Petroleum Exporting Countries (OPEC) which includes such countries as: Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Libya, United Arab Emirates, Algeria, Nigeria, Ecuador, Angola.

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