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Crude oil

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Category: Commodity

 

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

Oil wells are used to launch the oil from throughout the earth. A number of the earliest developed oil wells were drilled in China using bamboo poles. These oil wells had been developed in 347 A.D. for the only purpose of offering sufficient gasoline to create a thriving salt industry. By the Nineteen Fifties, crude oil turned a global power source, which in effect killed the whaling business by making whale oil obsolete.

Within the crude oil industry, there are oil names (comparable to Brent Mild Crude Oil and Bonny Mild) and there are oil types (such as gentle, heavy, sweet and bitter). Gentle oil has a low density viscosity, while heavy oil is of higher density. Candy oil has much less sulfur, and bitter oil has extreme sulfur. The world market prefers mild, candy crude oil, largely because it requires much less refinement and manufacturing time earlier than going to market. (Find out how to stay on prime of information stories that might cause volatility in these markets in Change into An Oil And Gasoline Futures Detective.

$10 per barrel ($10,000 per contract) for all months. If any contract is traded, bid or supplied at the limit for 5 minutes, trading is halted for five minutes.

When trading resumes, the limit is expanded by $10 per barrel in either direction. If one other halt had been triggered, the market would continue to be expanded by $10 per barrel in both route after each successive five-minute trading halt.

There will be no maximum value fluctuation limits during anyone trading session.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or Tradewins.