Commodities
Crude Oil Chart
About & Performance
Crude oil is the world's most traded commodity and two global benchmarks set the price: West Texas Intermediate (WTI) and Brent.
WTI and Brent trade in $US per barrel (42 US gallons/159 litres) and have excellent market transparency. The two benchmark prices are highly correlated and usually move in unison.
Global supply and demand is driven by economic conditions and geopolitical issues. See this video for a summary of the main factors that affect the the oil price.
The Betashares Crude Oil ETF (OOO) is the only ASX listed ETF that tracks the price of oil.
Market Index tracks the NYMEX WTI Futures which are the most quoted benchmark.
| Performance USD/bbl | Amount | Change |
|---|---|---|
| 1 Week | +2.97 | +4.83% |
| 1 Month | -2.71 | -4.04% |
| 3 Month | -14.29 | -18.15% |
| 6 Month | -6.42 | -9.06% |
| 1 Year | -18.25 | -22.07% |
8:35 am 19/04 AEST USD/bbl
ASX Oil Companies
| Code | Company | Price | Chg | % Chg | High | Low | Volume | Mkt Cap | 1 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| - | 88E |
88 Energy Ltd
|
$0.001 | 0.00 | 0.00% | $0.00 | $0.00 | - | $28.93M | -75.00% |
| - | ADX |
ADX Energy Ltd
|
$0.024 | 0.00 | 0.00% | $0.024 | $0.024 | 243,646 | $13.82M | -80.00% |
| - | AEL |
Amplitude Energy Ltd
|
$0.185 | 0.00 | 0.00% | $0.185 | $0.175 | 4,111,072 | $490.51M | -11.91% |
| AJL |
AJ Lucas Group Ltd
|
$0.006 | +0.001 | +20.00% | $0.006 | $0.006 | 155,000 | $8.25M | -45.46% | |
| ALD |
Ampol Ltd
|
$22.24 | +1.59 | +7.70% | $22.24 | $20.61 | 1,468,847 | $5.3B | -42.53% | |
| - | AOK |
Australian Oil Company Ltd
|
$0.002 | 0.00 | 0.00% | $0.002 | $0.001 | 1,317,549 | $2M | -80.00% |
| - | ATS |
Australis Oil & Gas Ltd
|
$0.009 | 0.00 | 0.00% | $0.009 | $0.008 | 2,434,070 | $11.7M | -35.71% |
| - | AXP |
AXP Energy Ltd
|
$0.001 | 0.00 | 0.00% | $0.001 | $0.001 | 275,000 | $6.57M | -50.00% |
| BAS |
Bass Oil Ltd
|
$0.042 | -0.001 | -2.33% | $0.043 | $0.042 | 315,000 | $12.2M | -45.46% | |
| - | BLU |
Blue Energy Ltd
|
$0.007 | 0.00 | 0.00% | $0.007 | $0.007 | 13,500 | $12.96M | -53.33% |
| BNL |
Blue Star Helium Ltd
|
$0.008 | +0.001 | +14.29% | $0.008 | $0.007 | 3,214,697 | $21.56M | +14.29% | |
| BRK |
Brookside Energy Ltd
|
$0.385 | +0.005 | +1.32% | $0.385 | $0.37 | 129,806 | $36.87M | -46.90% | |
| BRU |
Buru Energy Ltd
|
$0.039 | -0.001 | -2.50% | $0.04 | $0.039 | 133,294 | $30.4M | -67.50% | |
| - | BUY |
Bounty Oil & Gas NL
|
$0.003 | 0.00 | 0.00% | $0.00 | $0.00 | - | $4.68M | -47.92% |
| - | CE1 |
Calima Energy Ltd
|
$0.009 | 0.00 | 0.00% | $0.00 | $0.00 | - | $4.09M | -86.36% |
| CEL |
Challenger Gold Ltd
|
$0.071 | +0.006 | +9.23% | $0.071 | $0.066 | 6,976,302 | $119.83M | -16.47% | |
| CLV |
Clover Corporation Ltd
|
$0.483 | +0.008 | +1.58% | $0.483 | $0.483 | 420 | $80.58M | -8.10% | |
| CND |
Condor Energy Ltd
|
$0.027 | +0.001 | +3.85% | $0.029 | $0.027 | 1,217,238 | $18.95M | -43.75% | |
| COI |
Comet Ridge Ltd
|
$0.125 | -0.005 | -3.85% | $0.13 | $0.125 | 375,040 | $149.55M | -37.50% | |
| - | CTP |
Central Petroleum Ltd
|
$0.064 | 0.00 | 0.00% | $0.066 | $0.064 | 89,137 | $47.7M | +12.28% |
| CUE |
CUE Energy Resources Ltd
|
$0.10 | +0.001 | +1.01% | $0.105 | $0.10 | 118,906 | $69.91M | -4.76% | |
| - | CVN |
Carnarvon Energy Ltd
|
$0.11 | 0.00 | 0.00% | $0.115 | $0.11 | 243,692 | $196.8M | -43.59% |
| ECH |
Echelon Resources Ltd
|
$0.35 | -0.015 | -4.11% | $0.35 | $0.345 | 17,755 | $78.38M | -14.63% | |
| EEG |
Empire Energy Group Ltd
|
$0.17 | -0.005 | -2.86% | $0.175 | $0.17 | 277,160 | $172.94M | -8.11% | |
| - | EMP |
Emperor Energy Ltd
|
$0.028 | 0.00 | 0.00% | $0.00 | $0.00 | - | $19.89M | +133.33% |
| EXR |
Elixir Energy Ltd
|
$0.027 | -0.001 | -3.57% | $0.028 | $0.026 | 2,985,693 | $37.7M | -74.29% | |
| - | FAR |
FAR Ltd
|
$0.45 | 0.00 | 0.00% | $0.45 | $0.45 | 5,683 | $41.58M | +4.65% |
| FDR |
Finder Energy Holdings Ltd
|
$0.042 | -0.003 | -6.67% | $0.044 | $0.042 | 341,411 | $11.94M | -23.00% | |
| - | FIN |
FIN Resources Ltd
|
$0.005 | 0.00 | 0.00% | $0.005 | $0.005 | 30,000 | $3.25M | -70.59% |
| - | GGE |
Grand Gulf Energy Ltd
|
$0.003 | 0.00 | 0.00% | $0.003 | $0.003 | 318,240 | $7.35M | -56.17% |
| - | GGX |
GAS2GRID Ltd
|
$0.001 | 0.00 | 0.00% | $0.00 | $0.00 | - | $4.08M | 0.00% |
| - | GLL |
Galilee Energy Ltd
|
$0.007 | 0.00 | 0.00% | $0.00 | $0.00 | - | $4.83M | -71.75% |
| - | GRV |
Greenvale Energy Ltd
|
$0.049 | 0.00 | 0.00% | $0.056 | $0.049 | 871,821 | $25.69M | -25.76% |
| HCD |
Hydrocarbon Dynamics Ltd
|
$0.003 | +0.001 | +50.00% | $0.003 | $0.002 | 3,038,301 | $3.23M | 0.00% | |
| HE8 |
Helios Energy Ltd
|
$0.016 | -0.001 | -5.88% | $0.016 | $0.014 | 58,406 | $46.06M | -65.71% | |
| HHR |
Hartshead Resources NL
|
$0.007 | +0.001 | +16.67% | $0.007 | $0.006 | 22,086 | $19.66M | -12.50% | |
| - | HPR |
High Peak Royalties Ltd
|
$0.075 | 0.00 | 0.00% | $0.00 | $0.00 | - | $15.6M | +25.00% |
| HZN |
Horizon Oil Ltd
|
$0.18 | -0.005 | -2.70% | $0.19 | $0.18 | 1,690,829 | $292.55M | -2.70% | |
| - | ICN |
Icon Energy Ltd
|
$0.006 | 0.00 | 0.00% | $0.00 | $0.00 | - | $5.21M | 0.00% |
| IPB |
IPB Petroleum Ltd
|
$0.004 | -0.001 | -20.00% | $0.004 | $0.004 | 776,932 | $2.83M | -60.00% | |
| - | JPR |
Jupiter Energy Ltd
|
$0.03 | 0.00 | 0.00% | $0.03 | $0.03 | 205,083 | $38.4M | +30.44% |
| KAR |
Karoon Energy Ltd
|
$1.34 | +0.095 | +7.63% | $1.35 | $1.28 | 5,703,972 | $1.01B | -40.71% | |
| - | KEY |
KEY Petroleum Ltd
|
$0.06 | 0.00 | 0.00% | $0.00 | $0.00 | - | $1.51M | -40.00% |
| - | KLL |
Kalium Lakes Ltd
|
$0.00 | 0.00 | 0.00% | $0.00 | $0.00 | - | $0 | 0.00% |
| - | LIO |
Lion Energy Ltd
|
$0.011 | 0.00 | 0.00% | $0.012 | $0.011 | 185,015 | $4.97M | -64.52% |
| - | LKO |
Lakes Blue Energy NL
|
$0.00 | 0.00 | 0.00% | $0.00 | $0.00 | - | $0 | 0.00% |
| MAY |
Melbana Energy Ltd
|
$0.026 | -0.001 | -3.70% | $0.027 | $0.025 | 2,892,568 | $87.63M | -55.93% | |
| - | MEL |
Metgasco Ltd
|
$0.003 | 0.00 | 0.00% | $0.003 | $0.003 | 2,461,934 | $4.37M | -57.14% |
| NHC |
New Hope Corporation Ltd
|
$3.62 | +0.06 | +1.69% | $3.63 | $3.57 | 2,165,331 | $3.06B | -22.32% | |
| - | NPM |
Newpeak Metals Ltd
|
$0.011 | 0.00 | 0.00% | $0.00 | $0.00 | - | $3.54M | -27.52% |
| OEL |
Otto Energy Ltd
|
$0.01 | +0.001 | +5.26% | $0.01 | $0.01 | 1,161,745 | $47.95M | -23.08% | |
| - | OLY |
Olympio Metals Ltd
|
$0.05 | 0.00 | 0.00% | $0.00 | $0.00 | - | $4.4M | -19.36% |
| OMA |
Omega Oil & Gas Ltd
|
$0.245 | -0.005 | -2.00% | $0.25 | $0.23 | 317,128 | $84.07M | +40.00% | |
| - | PCL |
Pancontinental Energy NL
|
$0.006 | 0.00 | 0.00% | $0.007 | $0.006 | 5,233,372 | $48.82M | -76.00% |
| PGY |
Pilot Energy Ltd
|
$0.008 | +0.001 | +14.29% | $0.008 | $0.006 | 30,022,483 | $13.27M | -68.00% | |
| PRG |
PRL Global Ltd
|
$1.38 | -0.04 | -2.82% | $1.42 | $1.38 | 16,358 | $157.28M | +15.00% | |
| - | PRM |
Prominence Energy Ltd
|
$0.003 | 0.00 | 0.00% | $0.004 | $0.003 | 762,875 | $1.17M | -62.50% |
| PV1 |
Provaris Energy Ltd
|
$0.012 | +0.001 | +9.09% | $0.012 | $0.012 | 80,000 | $8.32M | -74.47% | |
| PVE |
Po Valley Energy Ltd
|
$0.045 | +0.005 | +12.50% | $0.045 | $0.043 | 1,762,153 | $52.15M | +18.42% | |
| QEM |
QEM Ltd
|
$0.056 | +0.005 | +9.80% | $0.056 | $0.056 | 43,167 | $10.69M | -61.99% | |
| - | RDG |
Resource Development Group Ltd
|
$0.008 | 0.00 | 0.00% | $0.009 | $0.008 | 247,166 | $23.61M | -77.14% |
| - | REY |
REY Resources Ltd
|
$0.038 | 0.00 | 0.00% | $0.00 | $0.00 | - | $8.04M | -54.22% |
| ROG |
Red Sky Energy Ltd
|
$0.006 | +0.001 | +20.00% | $0.006 | $0.006 | 339,433 | $32.53M | +50.00% | |
| - | SAN |
Sagalio Energy Ltd
|
$0.005 | 0.00 | 0.00% | $0.00 | $0.00 | - | $1.02M | -28.57% |
| - | SHE |
Stonehorse Energy Ltd
|
$0.007 | 0.00 | 0.00% | $0.00 | $0.00 | - | $4.79M | -41.67% |
| - | STX |
Strike Energy Ltd
|
$0.16 | 0.00 | 0.00% | $0.163 | $0.155 | 2,007,247 | $458.7M | -27.27% |
| - | TDO |
3D Energi Ltd
|
$0.099 | 0.00 | 0.00% | $0.099 | $0.097 | 60,398 | $33.01M | +50.00% |
| - | TEG |
Triangle Energy (Global) Ltd
|
$0.005 | 0.00 | 0.00% | $0.005 | $0.005 | 580,296 | $10.45M | -70.59% |
| - | TMK |
TMK Energy Ltd
|
$0.003 | 0.00 | 0.00% | $0.004 | $0.003 | 2,789,512 | $28.09M | -14.29% |
| TOU |
Tlou Energy Ltd
|
$0.022 | +0.001 | +4.76% | $0.022 | $0.019 | 141,398 | $28.57M | -50.00% | |
| VEA |
Viva Energy Group Ltd
|
$1.59 | +0.065 | +4.26% | $1.60 | $1.53 | 7,027,517 | $2.57B | -54.96% | |
| - | VSR |
Voltaic Strategic Resources Ltd
|
$0.013 | 0.00 | 0.00% | $0.014 | $0.013 | 1,760,627 | $7.38M | -13.33% |
| - | WBE |
Whitebark Energy Ltd
|
$0.005 | 0.00 | 0.00% | $0.00 | $0.00 | - | $2M | -61.54% |
| WDS |
Woodside Energy Group Ltd
|
$20.07 | +0.75 | +3.88% | $20.09 | $19.42 | 4,609,408 | $38.11B | -32.15% | |
| - | WEL |
Winchester Energy Ltd
|
$0.002 | 0.00 | 0.00% | $0.00 | $0.00 | - | $2.04M | -25.00% |
| WSI |
Weststar Industrial Ltd
|
$0.059 | -0.005 | -7.81% | $0.064 | $0.059 | 40,217 | $7.6M | -52.80% | |
| - | XST |
Xstate Resources Ltd
|
$0.009 | 0.00 | 0.00% | $0.00 | $0.00 | - | $2.89M | -50.00% |
Australia has produced oil commercially since the 1960s and currently holds 0.3% of the world's oil reserves. [1] Production peaked in 2000 and has slowly declined since. Western Australia is the largest producing state and accounts for ~71% of Australia's oil [2]. View an image of Australia's known crude oil reserves.
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WTI vs Brent
WTI (Midwest U.S.) and Brent (North Europe) are both light and sweet crude oils
WTI is most quoted in media but Brent is slowly overtaking WTI as the industry standard. With its recent increase in liquidity and trading activity, Brent is now used as the benchmark oil price in Europe, West Africa and most Asian countries.
Some also consider Brent a better indicator of global oil prices as it draws its oil from multiple oil fields in the North Sea (compared to WTI’s one region).
Price Difference
WTI is lighter and sweeter than Brent, making it easier to refine and (historically) command a slight premium.
For decades, the prices have moved in unison with WTI a few dollars per barrel more expensive. Recent growing stockpiles of WTI in the U.S have resulted in a price “switch” and Brent is now more expensive.
64.45
WTI
$67.85
Brent
8:35 am 19/04 USD/bbl
Grading Crude Oil
Crude oil reservoirs have their own unique characteristics and properties. The market value of an individual stream can be determined by grading the oil on two scales:
1. API Gravity
The oil’s density to water which ranges from “light” to “heavy”. Light is the preferred
density.
2. Sweetness
The sulphur content of the oil. Less than 0.5% sulphur and the oil is “sweet” while
greater
than 0.5% indicates the oil is “sour”.
The market prefers sweet crude (e.g. North Europe and Central U.S.) to sour crude (e.g. Middle East) as it requires less processing to remove impurities.
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