EUR/USD 1.09080
0.516%
Gold 3144.26
0.386%
Oil 69.671
-1.062%
USD/JPY 147.373
-1.278%
GBP/USD 1.30602
0.413%
GBP/JPY 192.474
-0.819%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Swiss Business Association said that US tariffs on Swiss imports are harmful and unjustified.The Israeli military said it had killed militants who opened fire on Israeli troops in Tassir, Syria.On April 3, Sany International (00631.HK) announced on the Hong Kong Stock Exchange that the companys board of directors has noticed that some media reports have been published stating that the company has set a goal of achieving RMB 50 billion in revenue and increasing gross profit margin to 24% in 2027, and the company is confident that the compound growth rate of overseas mining equipment will reach 20% in the next few years (statement). The company hereby clarifies that the statement only represents the groups goals for the next three years and may not necessarily be achieved. According to the Hong Kong Stock Exchanges securities listing rules, the statement does not constitute a profit forecast.Hongying Intelligence: At present, the company has no relevant technical applications in the fields of deep-sea technology and low-altitude economy, but will continue to pay attention to industry development in related fields.South Koreas Industry Minister: Regrets US tariff measures.

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