oil trading
Crude market deals
Oil trading is the buying and selling of crude oil and petroleum products on global markets.
Traders may deal in physical oil—actual barrels to be delivered—or in futures, options, and other financial instruments tied to oil prices.
Major trading hubs include New York, London, and Singapore.
She made her fortune in oil trading during the price volatility of the 2000s.
- crudeUnpolished, raw state
- black goldSlang for petroleum
- barrelHooped cylindrical vessel
- futuresContracts for future delivery
- futures contractAgreement to trade later
OPEC · Saudi Arabia · price war · tanker · refinery · Brent · North Sea · pipeline · commodity · hedge · speculation · market manipulation · benchmark · cargo · spot · margin · petroleum · derivatives
- Oil Marketspetroleum, OPEC, crude, spot price, refinery
- commodities tradingcommodities, commodity markets, commodity prices, futures, futures contracts
oil tradingoil extraction
Removing petroleum from reservoirs
oil drilling · oil refining · petroleum refining · oil exploration · oil production
oil, trading, oils, oily, oiliness, oiled, oiling, oiler, oilers