CRUDE OIL

Crude Oil is a raw material that is refined to produce gasoline, heating oil, diesel, jet fuel and many other petrochemicals

About Crude Oil

Crude Oil is a raw material that is refined to produce gasoline, heating oil, diesel, jet fuel and many other petrochemicals. In short, this is the main energy source in the world. West Texast Intermediate (WTI) is the level of crude oil used as a benchmark in determining oil prices and it is a commodity that underlies future oil contracts on the New York Mercantile Exchange. This is traded using the CL symbol.

The Main Advantages of Crude Oil Trading

High Liquidity; this is a very active and well-known market with investors all over the world. There are many short-term profit / loss opportunities because Crude Oil can be a very volatile market. The crude oil market is very sensitive to news. The initial investment cost is relatively low because Crude Oil is traded using leverage. With leverage, you can buy / sell CL up to 500 times more than your capital investment, which allows you to make substantial profits (or losses) with relatively small capital. Crude Oil is a limited resource, once the world supply runs out, prices will inevitably increase.