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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

73.77% of retail investor accounts lose money when trading CFDs with this provider.

Light Sweet Crude Oil

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.