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| MCX Crude Oil Trading |
Crude oil is a naturally occurring liquid composed mostly of hydrogen and carbon. It is usually found underground but can also be found above ground in oil seeps or tar pits. Crude oil is used to produce fuel for cars, trucks, airplanes, boats and trains. It is also used for a wide variety of other products including asphalt for roads, lubricants for all kinds of machines, plastics for toys, bottles, food wrap and computers.
Crude oil is believed to have been formed from very small plants and animals that lived in ancient seas and oceans a very long time ago. As these plants and animals die, they sink to the bottom of the sea where they mix with mud, sand, and clay. During the 19th century in America, an oil find was often met with dismay. Pioneers who dug wells to find water or brine, were disappointed when they struck oil. It wasn't until 1854, with the invention of the kerosene lamp, that the first large-scale demand for petroleum emerged. Crude oil is a relatively abundant commodity. The world has produced approximately 650 billion barrels of oil, but another trillion barrels of proved reserves have yet to be extracted. Crude oil was the world's first trillion-dollar industry and accounts for the single largest product in world trade.
Crude oil is one of the most actively traded commodities and a precursor to thousands of other in-demand products, such as gasoline, diesel fuel, jet fuel and heating oil. Buying crude oil can be a risky proposition. Investing in crude oil futures can be a way of mitigating the risks of owning oil while harnessing the leverage of futures. Crude oil futures are sold on exchanges all over the world, including The New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE).
Futures and options on crude oil trade at the New York Mercantile Exchange (NYMEX) and at the International Petroleum Exchange in London (IPE). The NYMEX trades two main types of crude oil: light sweet crude oil and Brent crude oil. The light sweet futures contract calls for the delivery of 1,000 barrels of crude oil in Cushing, Oklahoma. Light sweet crude is preferred by refiners because of its low sulfur content and relatively high yield of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel. The Brent blend crude is based on a light, sweet North Sea crude oil. Brent blend crude production is approximately 500,000 barrels per day, and is shipped from Sullom Voe in the Shetland Islands.
Here we provide you Free Tips of MCX Crude Oil along with free Commodity Reports.
Crude oil is believed to have been formed from very small plants and animals that lived in ancient seas and oceans a very long time ago. As these plants and animals die, they sink to the bottom of the sea where they mix with mud, sand, and clay. During the 19th century in America, an oil find was often met with dismay. Pioneers who dug wells to find water or brine, were disappointed when they struck oil. It wasn't until 1854, with the invention of the kerosene lamp, that the first large-scale demand for petroleum emerged. Crude oil is a relatively abundant commodity. The world has produced approximately 650 billion barrels of oil, but another trillion barrels of proved reserves have yet to be extracted. Crude oil was the world's first trillion-dollar industry and accounts for the single largest product in world trade.
Crude oil is one of the most actively traded commodities and a precursor to thousands of other in-demand products, such as gasoline, diesel fuel, jet fuel and heating oil. Buying crude oil can be a risky proposition. Investing in crude oil futures can be a way of mitigating the risks of owning oil while harnessing the leverage of futures. Crude oil futures are sold on exchanges all over the world, including The New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE).
Futures and options on crude oil trade at the New York Mercantile Exchange (NYMEX) and at the International Petroleum Exchange in London (IPE). The NYMEX trades two main types of crude oil: light sweet crude oil and Brent crude oil. The light sweet futures contract calls for the delivery of 1,000 barrels of crude oil in Cushing, Oklahoma. Light sweet crude is preferred by refiners because of its low sulfur content and relatively high yield of high-value products such as gasoline, diesel fuel, heating oil, and jet fuel. The Brent blend crude is based on a light, sweet North Sea crude oil. Brent blend crude production is approximately 500,000 barrels per day, and is shipped from Sullom Voe in the Shetland Islands.
Here we provide you Free Tips of MCX Crude Oil along with free Commodity Reports.
