As reported by Market Leader (US)

Sometimes crude oil is referred to as “black gold”. For traders this is a major commodity. For investors this is a major investment object and a source of income.

Crude oil has been the reason for multiple wars (for example, Iraq, Libya, Persian Gulf) and international confrontation (USA – Iran, USA – Venezuela ).

Tips for beginners: crude oil is considered the most liquid and competitive commodity and energy carrier. Russia controls 1/6th of the global market of crude oil. It is the world’s number 7 in terms of oil reserves and a major oil exporter.
In 2011 crude oil appreciated by 38% from $75/b up to $103/b and there was a trading volume increase in the market of oil products.      More read...

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