Frequently Asked Questions
What is USOIL?
USOIL is West Texas Intermediate (WTI) crude oil, the North American oil price benchmark. It is quoted in USD per barrel.
What is the difference between WTI and Brent?
WTI (USOIL) is North American crude. Brent (UKOIL) is North Sea crude and the international benchmark. Brent typically trades $3-8 higher than WTI.
Why does oil move so much on Wednesdays?
The US Energy Information Administration (EIA) releases weekly petroleum inventory data every Wednesday at 14:30 UTC. Surprise builds or draws cause big moves.
How does OPEC affect oil prices?
OPEC+ controls roughly 40% of global oil supply. Production increases push prices down; cuts push prices up. Monthly OPEC meetings often trigger big moves.
How accurate are LevelEngine USOIL levels?
Our 30-day hit rate for USOIL averages 87%. Volatility makes oil harder than other markets but our AI accounts for it.
Can I trade USOIL from LevelEngine?
No. Use your CFD broker or futures broker (CL crude futures) to execute trades based on our levels.
What's the difference between Free and Pro plans?
Free includes 5 watchlist symbols and D1 levels. Pro adds unlimited watchlist, live H1/H4 updates, Copilot AI, and priority support.