Oil futures trading is one of the most dynamic and exciting marketplaces out there. It allows speculators and hedgers to trade oil, and make gains or cut losses based on their analysis of oil prices. But if you’re new to futures trading, it might seem like a daunting task to get into oil futures. Don’t […]
Category: Crude Oil
How The Value of the Dollar Impacts Oil Futures
Ever since the invention of oil, civilizations have relied on its energy. To obtain it, they’ve traded and bartered goods, labor, and services. In today’s markets, crude oil is traded in USD. The reason for this connection is two-fold: oil is a global commodity that needs to be priced for buyers and sellers across the […]
What Are The Main Economic Factors Influencing Oil Prices?
Oil prices are the most vital factor of oil, and they directly impact the global market. They dictate production, production costs, supply, demand, and speculations. But what factors affect oil prices? And how do they influence the oil market? Understanding the economic factors that influence oil prices will help us make informed decisions about our […]