Oil trading is a major financial market from "summary" of Oil by Sucha Singh Khera
Oil trading plays a significant role in the global financial market. It is a complex and dynamic market where various participants including producers, consumers, and speculators engage in buying and selling oil contracts. The trading of oil involves the exchange of futures contracts which represent an agreement to buy or sell a specified quantity of oil at a predetermined price on a future date. The oil market is highly liquid, with trillions of dollars traded every day. This liquidity attracts a wide range of participants, from individual traders to large financial institutions. The oil market is also known for its volatility, with prices fluctuating rapidly in response to various factors such as supply and demand dynamics, geopolitical events, and economic indicators. Oil trading is not just about buying and selling physical ...
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