EUR/USD 1.14315
-0.081%
Gold 4150.59
-0.343%
Oil 69.074
0.731%
USD/JPY 161.922
-0.097%
GBP/USD 1.33874
-0.016%
GBP/JPY 216.768
-0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Raymond Certified Financial: Initiated coverage research on SpaceX (SPCX.O) with a "Strong Buy" rating and a target price of $800.On July 7th, the National Healthcare Security Administration issued a risk warning. During the selection phase of the 12th batch of national centralized drug procurement (hereinafter referred to as "the 12th batch of centralized procurement"), a company producing imported original drugs submitted a so-called "expert recommendation letter jointly signed by 78 doctors from 31 hospitals," attempting to influence the procurement process. After verifying with each of the "signing experts," it was found that over 80% of the signatures were fake, involving instances of sales personnel forging signatures, misappropriating images from other sources, and fabricating identities. The few signatures that were indeed from the experts were mostly induced by sales personnel under the guise of "after-sales follow-up" or "survey questionnaires." Currently, this drug has passed expert review through normal procedures and has been officially included in the 12th batch of centralized procurement. The administration is currently organizing national pharmaceutical institutions to submit their proposed procurement quantities. The National Healthcare Security Administration firmly opposes companies interfering with the centralized drug procurement process through improper means and solemnly reminds all pharmaceutical companies not to use illegal or irregular methods to interfere with centralized procurement; otherwise, they will bear the consequences.Bank of England Governor Bailey: We are taking a different approach from the European Central Bank on artificial intelligence and cyber risk, working with banks rather than issuing orders.Bank of England Governor Bailey: We welcome Anthropics resumption of his visit to Mythos and hope to discuss with Anthropic how the mechanism can be applied to the Bank of England.Bank of England Governor Bailey: I don’t think the UK banking system needs more capital.

Introduction of Oil

LEO

Oct 25, 2021 13:27

Introduction of Oil 


Oil is one of the most actively traded commodities in the world，it also knows as 'petroleum or crude oil' or more popularly known as 'Black Gold' in the modern world. Generally speaking, price fluctuation of crude oil is closely related to political events and the economy. 


The crude oil market is significantly larger than that for any other commodity, both in terms of physical production and financial market activity.


The main crude oil trading contracts in the world are West Texas Intermediate (WTI) futures, Brent Crude futures, and Dubai Crude futures.


WTI futures contracts are traded on the New York Mercantile Exchange (NYMEX), which is owned by the Chicago Mercantile Group (CME). WTI futures contracts are deliverable in Cushing, Oklahoma. Cushing is a transshipment point with intersecting pipelines and storage facilities with easy access to refiners and suppliers.


Brent Crude futures contracts are traded on the Intercontinental Exchange (ICE) in London.



Dubai Crude is a medium sour crude oil extracted from Dubai. Dubai Crude futures contracts Singapore Exchange.


Other types of petroleum futures include heating oil, fuel oil, gasoline, light diesel, etc.


Many factors affect crude oil prices, such as crude oil supply and demand, political factors, the dollar index, and other energy trends.


There are three main ways of speculating on oil price movement: futures and options, CFD trading, or investing via equities and ETFs.


Buy futures and options


To trade futures and options, investors need to use the right exchange for the oil benchmark you wish to trade. Most exchanges have criteria for who is allowed trade on them, so professionals undertake the majority of futures speculation instead of individuals. If you want to trade options, you’ll need an options broker.


Trade via CFDs

CFDs enable investors to trade on the changing prices of futures and options without buying and selling the contracts themselves. And instead of trading on a commodities exchange, investors create an account with a leveraged provider. 


Oil investment

Instead of trading individual markets, you can get exposure to oil via the shares of oil companies and oil exchange-traded funds (ETFs). The prices of oil companies are heavily influenced by the price of oil, and can sometimes offer good value compared to trading oil itself. Investors can use ETFs to invest in oil benchmarks or a basket of oil stocks.


Suggestion