Oil is one of the most famous traded energy commodities because it is the main engine of international industries, which makes oil the most sought after commodity by countries and factories.
Today, oil trading has become a major investment, especially with technological advances and the internet system. Traders with small capital can benefit from the fluctuations in oil prices.
Oil contains many materials. The difference between these materials is mainly in the ratio of density and sulfur content. The greater the density of oil, the more valuable its materials are and the higher its price is.
The most famous types of traded oil
As we said earlier that oil is different from one place to another. The following are of the most famous types of traded oil:
Factors influencing oil prices
Features of trading oil with Investing1
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