OIL: THE #1 CHOICE FOR SHORT-TERM TRADING
As global economic growth and energy consumption increase, so does the value of Oil.
Oil is considered a limited natural resource due to the fact that it can’t be naturally replaced at the rate we consume it.
For traders, there are a number of factors that drive the volatility of the Oil market: Most importantly the huge demand for Oil as desired fuel. Therefore, supply and demand are crucial to determining the price of Oil.
Political instability also influences Oil prices – many of the main Oil producing countries are located in unstable regions which can heavily affect production.
Moreover, market sentiment is also hugely influential on the Oil price – particularly in terms of short-term speculation, which accounts for the overwhelming majority of Oil trades.
Contact us to learn more about how to take advantage of global political, economic and environmental factors that influence the price of Oil.