Question 1

What determines the price movement of Crude Oil Brent (OIL)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Crude Oil Brent.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Crude Oil Brent, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Crude Oil Brent. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Crude Oil Brent on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Crude Oil Brent. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Crude Oil Brent and the broader cryptocurrency market.

Question 2

What is the highest price of Crude Oil Brent price in history?

Accepted Answer

Crude Oil Brent achieved the all-time high of 189.61 in 2025-06-24, and is currently trading at 69.69.

Question 3

What is the lowest price of Crude Oil Brent price in history?

Accepted Answer

Crude Oil Brent reached its all-time low of  69.32 on 2025-06-28.

Question 4

What is the current market cap of Crude Oil Brent?

Accepted Answer

The current market cap of Crude Oil Brent is  , as  OIL is trading at the price of 69.69.

Question 5

How many Crude Oil Brent are there in the market?

Accepted Answer

There are currently  OIL circulating in the market. These Crude Oil Brent can be actively traded or used in the open market.

Question 6

What is the maximum supply of Crude Oil Brent?

Accepted Answer

The maximum supply of OIL is 21000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Crude Oil Brent?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Crude Oil Brent is 1463490000.000. The FDV is calculated taking the assumption that all supply of Crude Oil Brent is circulation, multiplied by its current price of  69.69.

Question 8

What is the price prediction of Crude Oil Brent ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Crude Oil Brent price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Crude Oil Brent a good investment?

Accepted Answer

Crude Oil Brent offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Crude Oil Brent and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Crude Oil Brent.

Question 10

How to buy Crude Oil Brent?

Accepted Answer

You can buy Crude Oil Brent via Gate by following the steps on <0>how to buy OIL once you have funded your account.

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