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Crude Oil prices

Useful Information For Day trading Oil prices and Crude Oil Online


Crude oil prices behave much as any other commodity with wide price swings in times of shortage or oversupply. The crude oil price cycle may extend over several years responding to changes in demand as well as OPEC and non-OPEC supply.

Over the last 50 year Crude Oil has seen many lows and highs, conflict in the Middle East and production strikes in Nigeria are some of the many reasons we have had for the price of Crude Oil to rise.

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Traders and speculators can profit from these flucations in price through buying or selling Crude Oil CFD's. Over the long term Crude Oil tends to follow strict lines of trend, if you can identify a trend correctly then you could profit from those moves by selling "short" or buying "long" oil prices.


Oil demand is highly dependent on global macroeconomic conditions, so this is also an important determinant of price. Some economists claim that high oil prices have a large negative impact on the global growth. This means that the relationship between the oil price and global growth is not particularly stable although a high oil price is often thought of as being a late cycle phenomenon.

https://www.livecharts.co.uk/articles/oileconomics.php

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