Crude Oil is the raw material that is refined to produce gasoline, heating oil, diesel, jet fuel and many other petrochemicals. In short, it is a major source of energy in the world.
West Texas Intermediate (WTI) is a grade of crude oil used as a benchmark in oil pricing andit is the underlying commodity of New York Mercantile Exchange oil’s future contracts. It is traded using the symbol CL. Here are the key advantages to trading Crude Oil :
- High Liquidity; it is a very active market and well known with investors around the world
- There are abundant short-term profit/loss opportunities as Crude Oil can be a very volatile market. The Crude oil market is very sensitive to news.
- Relatively low initial cost of investment as Crude Oil is traded using leverage.With leverage, you can buy/sell CL up to 500 times more than your capital investment, which allows you to generate substantial gains (or losses) with a relatively small capital.
- Crude Oil is a limited resource and once the world’s supply runs out prices are bound to increase.
More News Posts
US stock futures steady after Christmas holiday
U.S. stock index futures were largely steady on Wednesday evening…
Gold prices edge up, remains pressured by strong dollar after hawkish Fed
Gold prices edged higher in Asian trade on Tuesday, extending…
Bank of America, Goldman Sachs starts Pony AI at ‘buy’
Bank of America initiated coverage of Pony AI with a…
Asia stocks skittish amid hawkish Fed jitters; Japan shares rise past strong CPI
Most Asian stocks moved in a flat-to-low range on Friday…
US stock futures steady after Wall St tumbles on prospect of fewer Fed rate cuts
U.S. stock index futures steadied on Wednesday evening after a…
Asia FX muted, dollar steady as Fed rate decision looms
Most Asian currencies moved in a tight range on Wednesday,…
US stock futures drift lower with Fed rate decision in focus
U.S. stock index futures fell slightly on Monday evening as…
Asia stocks fall ahead of US Fed rate decision, China shares drop on weak data
Most Asian stocks fell on Monday ahead of a U.S.…
Asia stocks rise as US inflation cements rate cut bets, China policy meet in focus
Most major Asian stocks rose on Thursday tracking an overnight…
European momentum starting to show cracks, Barclays says
European markets in November rebounded after an initial selloff triggered…
