What is Crude Oil? A Beginner’s Guide to Oil Trading

 

A significant worldwide energy source and commonly traded commodity is crude oil. In this article, we examine the history and origins of oil, the major variables influencing its price, and the primary motivations for trading this asset.

PRIMARY TALKING POINTS

  • What is crude oil, and what are its applications?
  • Major participants in the crude oil market.
  • Factors influencing oil prices

WHAT IS CRUDE OIL, AND HOW IS IT USED?

Petroleum, often known as crude oil, is a naturally occurring fossil fuel that today serves as the world’s main energy source. It is created from long-extinct organic matter and may be refined into other fuels, including lubricants, diesel, and gasoline, each of which has a wide range of industrial uses.

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