Oil Transactions

INVEST IN OIL, NOT JUST IN OIL COMPANIES.

Oil is among the most heavily traded commodities in Forex Markets. There are two types of Oil used in the world.


Crude Oil (USOIL)

Crude oil, which has a very important place in the world economy and is considered black gold; It is used in a wide variety of fields such as industry, automobile, energy, chemistry and cosmetics. It is used as a leading indicator on world oil prices and is extracted from the state of Texas. WTI ( Light Sweet Crude Oil ) is called “Texas light” due to its low density ( light ) and low sulfur ( sweet ) content. It is called “sweet “. While crude oil prices are highly sensitive to political and economic developments, they also vary depending on the increase in geopolitical risks in the Middle East. Many factors such as oil reserve amounts, changes in the global climate, economic developments, and supply-demand balance have an impact on crude oil pricing. Although the transaction volume of crude oil in the forex market is quite high, two-way profits can be obtained from both value increases and value losses in the market.

 

Brent Petroleum (UKOIL)

It is the second highest quality oil type in the world after crude oil. It takes its name from the initials of 5 separate tectonic layers in the North Sea between England and Norway ( Broom, Rannoch , Etieve , Ness , Tarbat ). Although it shows great sensitivity to political and economic developments, it is quickly affected by the changes that may occur. Just as the developments in the Middle East have an impact on Brent Oil prices, geopolitical risks and economic vitality in the Eurozone have an impact on the upward and downward movement of prices.

 

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