Crude oil is a global commodity that trades in markets around the world, both as a spot oil and via derivatives contract. Many economists view crude oil as the single most important commodity in the world as it is currently the primary source of energy production.. Crude oil is a naturally occurring petroleum product composed of hydrocarbon deposits and other organic materials. A type of fossil fuel, crude oil is refined to produce usable products including gasoline, diesel, and various other forms of petrochemicals. It is a non-renewable resource, which means that it can't be replaced naturally at the rate we consume it, and is therefore a limited resource
Today, the world's economy is largely dependent on fossil fuels such as crude oil, and the demand for these resources often sparks political unrest, as a small number of countries control the largest reservoirs. Like any industry, supply and demand heavily affect the prices and profitability of crude oil.
Other than gold,crude oil is one of the most profitable trading commodities for traders. Though lucrative, trading in crude oil is not easy, especially if you do not have the right strategies, and unaware of the crude oil inventory.
One of the best market strategies in trading Crude Oil is using the 'Oil Futures' market. The Oil futures market is the most direct way to trade crude oil, but it’s not practical for most investors, especially individual investors. Trading crude Oil can be a risky business due to the volatile nature of oil prices, it's fundamentals, economic shift impacts and technical analysis.
Gray Cap Global Investment institution trades in Crude Oil Futures Markets I.e New York Mercantile Exchange (NYMEX) which is the world's most actively traded futures contract on physical commodities and BRENT, which is the benchmark for the rest of the world. While these two markets generally move together directionally, prices often vary depending on geographic factors. Gray Cap Global Ltd has trading desks experts where oil traders keeps an eye on how the markets are behaving using the 'Momentum Indicator' and Swing Traders..This allows us to make the right moves on entering the market, how to generate consistent index profit from our daytrading in oil and capitalizing on the daily crude oil price changes
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