International Crude Oil Price Query [Real-time]

Tool Introduction

"International Crude Oil Price Query [Real-time]" is a powerful online tool designed to help users obtain real-time market prices and related market data for major global crude oil varieties. With this tool, you can enter a short crude oil code (e.g., 'wti') to quickly query the latest prices, changes, opening prices, highest prices, lowest prices, yesterday's settlement prices, and open interest for international crude oils such as West Texas Intermediate (WTI) and Brent crude oil. This helps you stay informed about international oil price trends and provides strong support for investment decisions or market analysis.

How to Use

1. Enter Parameters:
   • Find the input box labeled "Crude Oil Code".
   • Fill in the crude oil code you wish to query in the input box. For example, enter wti to query West Texas Intermediate (WTI), or enter brent to query Brent crude oil.
   • "Crude Oil Code" is a required field. If left blank, the system will default to querying wti price information.
2. Execute Query:

   After filling in, the system will automatically or immediately retrieve and display real-time data after you click the query button.

3. View Results:

   The query results will be displayed in a clear list or table format, containing detailed real-time market data for the crude oil.

Output Result Format Description:
The tool will return a list containing multiple data items, each corresponding to a specific crude oil indicator, including:

• Crude Oil Name: The full name of the queried crude oil.
• Current Price: The latest transaction price, in USD/barrel.
• Change Amount: The specific amount of increase or decrease compared to yesterday's settlement price.
• Change Rate: The percentage increase or decrease compared to yesterday's settlement price.
• Today's Opening Price: The price at which the market opened today.
• Today's High Price: The highest price reached in market trading today.
• Today's Low Price: The lowest price reached in market trading today.
• Yesterday's Settlement Price: The final settlement price at market close yesterday.
• Open Interest: The current open interest, in thousands of barrels.
• Release Time: The latest update time for the data.

Frequently Asked Questions

• Q: Which international crude oil varieties are supported for query?
• A: This tool primarily supports querying mainstream international crude oil varieties, such as West Texas Intermediate (WTI) and Brent crude oil (BRENT). You can query by entering the corresponding crude oil code.
• Q: How is the real-time nature of the data guaranteed?
• A: This tool aims to provide [real-time] query services. Prices are usually updated quickly according to the real-time fluctuations of the global crude oil market, striving to present instant data that is closest to market transactions.
• Q: What does "Open Interest" in the output results mean?
• A: "Open Interest" refers to the total number of outstanding contracts in the futures market that have not yet been closed. It is measured in thousands of barrels. It is an important indicator for measuring market activity and future price expectations, reflecting the balance of power between buyers and sellers in the market.

Notes

• Please ensure that you enter the correct "Crude Oil Code", such as wti or brent, to obtain accurate query results. If an incorrect or unsupported code is entered, valid data may not be obtained.
• International crude oil market prices fluctuate sharply. The [real-time] price data provided by this tool is for reference only and should not be used as the sole basis for investment decisions. Before making any investment, please conduct a comprehensive market analysis and risk assessment.
• The data release time will show the latest update time, but there may be slight delays due to network transmission or other factors.

Overview of the International Crude Oil Market

The international crude oil market is an important component of the global commodity market, and its price fluctuations have a profound impact on the global economy. Currently, there are two main benchmark crude oils in the world: West Texas Intermediate (WTI) and Brent crude oil. WTI is the main crude oil pricing benchmark in North America, and its price usually reflects the supply and demand situation of crude oil in the United States. Brent crude oil, on the other hand, is the pricing benchmark for more than two-thirds of spot crude oil contracts worldwide, and has significant influence especially in the Middle East, Africa, and European markets. Understanding the real-time prices and trends of these benchmark crude oils is crucial for investors, analysts, and those concerned with the energy market.

Factors Affecting International Oil Prices

International crude oil prices are affected by a variety of complex factors, which together lead to price fluctuations. The main influencing factors include:

• Supply and Demand Relationship: Changes in global crude oil production (such as OPEC+ production cuts or increases) and consumption demand (affected by economic growth, seasonal factors, new energy development, etc.) are the most fundamental factors determining oil prices.
• Geopolitical Risks: Political instability, conflicts, or sanctions in major oil-producing regions such as the Middle East and Russia may lead to supply disruptions, thereby pushing up oil prices.
• US Dollar Exchange Rate: Crude oil is usually priced in US dollars. A strong US dollar usually makes crude oil more expensive for holders of other currencies, thereby suppressing demand; and vice versa.
• Crude Oil Inventory Data: Weekly inventory reports released by agencies such as the US Energy Information Administration (EIA) are a focus of market attention. Increases or decreases in inventory reflect the supply and demand balance.
• Speculative Activities: The trading behavior of speculators in the financial market, such as large-scale buying or selling of crude oil futures, will also have a significant impact on short-term oil prices.