Which Crude Oil Should We Monitor?

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Which Crude Oil Should We Monitor?Crude Oil FuturesNYMEX_DL:CL1!konhowThe world's two most widely followed crude oil benchmarks are Brent Crude and WTI Crude Oil. So, which benchmark should we be monitoring? Brent Crude originates from the North Sea and serves as an international benchmark, whereas WTI Crude Oil originates from the United States and serves as the primary US benchmark. Both are widely used, but recently, Asia and Europe have been increasingly turning to US crude oil. Why is this happening? More importantly, should we be monitoring Brent Crude or WTI Crude Oil? Micro WTI Crude Oil Futures and Options. Ticker: MCL Minimum fluctuation: 0.01 per barrel = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs https://www.tradingview.com/cme/ https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html