• oil trading
    Trading

    Crude Oil Trading

    Oil market overview This article gives an overview of the oil market and its dynamics. Furthermore, analyzes the types of oils, their characteristics and the factors that can influence the supply and demand and thus the price of the oil in the market. The world crude oil market: The oil industry is a global enterprise that employs millions of workers around the world and generates hundreds of millions of dollars. The oil sector, thus, is considered to be the largest in the world in terms of dollar value. In regions which house the major National Oil Companies, these corporations contribute significantly to the national GDP. The main products of the oil…