UK Crude Oil (UKOIL) Technical Analysis
UKOIL is a CFD product based upon the value of North Sea Brent Crude oil. It is denominated in U.S. dollars per barrel. Also known as Brent Blend, it is considered a light, sweet crude. Brent is an exclusively waterborne produced oil offering superior international accessibility. Geopolitical tensions, OPEC, supply levels and the current regulatory environment impact the pricing of UKOIL.