We found 11 online brokers that are appropriate for Trading Crude Oil Price Fall Investment Platforms.
The crude oil price fall in recent months is due to the gained strength of USD, presidential elections in Iran and a slight increase in the COVID-19 cases in Britain despite rapid vaccinations. Moreover, the US Federal Reserve hinted interest rates could be raised by 2024.
On June 17, the drop was about 2 per cent. On July 21, the US West Texas Intermediate dip was 0.4 per cent to $70.03 a barrel. On July 22, the Brent crude oil price fell 0.4 per cent to $71.91 a barrel.
Crude oil is a yellowish-black liquid and is commonly called petroleum. It is refined to produce various types of fuels. With the help of the fractional distillation technique, the petroleum components are separated from it. Control of production has been significant in international relationships between nations. The Organisation of the Petroleum Exporting Countries (OPEC) and other similar organisations have played important roles in overseas politics. The crude oil production has also been linked with a few conflicts in recent years, including the Syrian civil war, the Russia-Saudi Arabia oil price in 2020 and the invasion of America in Iraq earlier.
OPEC is an abbreviation for the Organisation of the Petroleum Exporting Countries. It mainly focuses on unifying the petroleum policies in the member states like Saudi Arabia, Venezuela, Kuwait, Iraq and Iran and ensures oil market stabilisation to ensure a regular and efficient supply of petroleum. It acts as a textbook example of reducing market competition. It was formed in 1960. In 2016, it formed a larger group to include more countries like Nigeria, Libya and Angola. The new group is named OPEC+.
The price refers to the spot price, measured as a barrel. There are various types of crude oils such as Brent Crude, West Texas Intermediate (WTI), Dubai Crude, Tapis Crude, OPEC Reference Basket, Bonny Light, Western Canadian Select (WCS), Isthmus and Urals Oil. These prices vary based on the grades like the sulfur content, API gravity, and specific gravity. The prices also vary based on locations like proximity to refineries and tidewater. Sweeter oils like the WTI is more expensive than sour crude oil like the Western Canadian Select.
In early 2007, a high price rise was witnessed. It was $50 a barrel then, and by July 2008, the price reached a peak of $147. However, the price dropped to $34 by December 2008 due to the global financial crisis.
Such ups and downs have been witnessed several times in past decades. The first was witnessed in the 1970s, after the formation of OPEC. According to an analysis, the random shifts in the prices are a regular statistical property.
A report of EIA in January 2020 writes that the price of Brent Crude was $64 a barrel in 2019, while in 2018, it was $71. Moreover, the WTI average price was $57 a barrel in 2019, while in 2018, it was $64.
For the first time in history, the WTI Crude futures contracts declined on April 20 2020, below $0. However, a day later, the price jumped to nearly $20 per barrel. The phenomenon was due to the COVID-19 pandemic and the oil price war between Saudi Arabia and Russia.
By the end of 2020, the oil inventories were high, while the demand for gasoline in the US was low. By mid-October, the crude oil price was about $40.
The transportation costs of crude oil from the Persian Gulf to the US were about 33 per cent of the oil price in the 1950's. In the 1970's, supertankers were developed, and transportations costs were reduced to just 5 per cent of the price. Later, the share shipping cost emerged, and in 2010 the transportation costs were nearly 3 per cent.
Crude oil has played an important role in international politics and relationships in the past few decades. OPEC was founded in 1960 and supported the policy of non-competition among the member countries and ensuring a smooth supply of oil to consumers.
In this article, we talked about the reasons for the ups and downs of oil prices in the international market. We also discussed OPEC, the price war and transportation costs. Lately, the COVID-19 pandemic and global lockdown paved the way for the decline in the price of crude oil.
We have conducted extensive research and analysis on over multiple data points on Crude Oil Price Fall to present you with a comprehensive guide that can help you find the most suitable Crude Oil Price Fall. Below we shortlist what we think are the best Crude Oil Price Fall Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Crude Oil Price Fall.
Selecting a reliable and reputable online Crude Oil Price Fall Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Crude Oil Price Fall Investment Platforms more confidently.
Selecting the right online Crude Oil Price Fall Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Crude Oil Price Fall Investment Platforms trading, it's essential to compare the different options available to you. Our Crude Oil Price Fall Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Crude Oil Price Fall Investment Platforms broker that best suits your needs and preferences for Crude Oil Price Fall Investment Platforms. Our Crude Oil Price Fall Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Crude Oil Price Fall Investment Platforms.
Compare Crude Oil Price Fall Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Crude Oil Price Fall Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Crude Oil Price Fall Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Crude Oil Price Fall Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Crude Oil Price Fall Investment Platforms that accept Crude Oil Price Fall Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Crude Oil Price Fall Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
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We have listed top Crude Oil Price Fall Investment Platforms below.
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