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Dinerotrader

Oil Trading

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Going long in crude oil following the Egypt situation which could result in a low supply from the region and subsequently high oil price .....

 

the fear is about the implications a possible closing of Suez canal will do to the overall oil market (transport costs if Suez cannot be crossed) and probably that is the reasoning for the spike higher.........at least fundamental

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Im looking at an inevitable war (or invasion) coming ahead with Syria for the allied forces and the oil prices to easily break the $120 mark in the near future and the $130 mark if the war gets prolonged by more than an year..Oil demand is going to be huge for all the sides participating in the war. Russia or China may participate as allies of Syria as being speculated..

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Crude oil is a commodity that the 21st century inherited from the 19th century, with all of its benefits and drawbacks. Of all of the traded commodities, it has the broadest impact. How the world interacts with the crude oil industry in the years to come will have a wide-reaching impact on the environment, the global economy and our daily lives.

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Crude oil is a naturally-occurring substance found in certain rock formations in the earth. To extract the maximum value from crude, it needs to be refined into petroleum products. The best-known of these is gasoline, or petrol. Others include liquefied petroleum gas (LPG), naphtha, kerosene, gas oil and fuel oil.

 

 

Oil wells are used to release the oil from within the earth. Some of the earliest developed oil wells were drilled in China using bamboo poles. These oil wells were developed in 347 A.D. for the sole purpose of providing enough fuel to create a thriving salt industry. By the 1950s, crude oil became a global energy source, which in effect killed the whaling industry by making whale oil obsolete.

 

In the crude oil industry, there are oil names (such as Brent Light Crude Oil and Bonny Light) and there are oil types (such as light, heavy, sweet and sour). Light oil has a low density viscosity, while heavy oil is of higher density. Sweet oil has less sulfur, and sour oil has excessive sulfur. The world market prefers light, sweet crude oil, largely because it requires less refinement and production time before going to market.

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he forex market is like boxing, if you train well and are good you can earn a lot of money and have free time. But if you go there without training you will be very bad, places to invest there are many, and while they are regulated you will not have fraud problems, however even if you have the best broker in the world if you do not know how to analyze markets, you will hardly avoid losing your money.

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