Oil is a non-renewable resource. Its demand is more than supply. Energy is most important resource for any economy. Just like human beings who need energy to perform the functions, economy also needs energy to run. Without energy an economy cannot function. Trading in energies like crude oil, natural gas and others is highly profitable. As such, its consumption is more than its production. Probably that is why oil is known as black gold.
Peak oil theory says that prices of crude oil will rise in coming years as it is a limited resource but the demand of oil will increase with time. It is simple; when the demand of certain thing is higher than the supply, the prices tend to increase. You just need to learn how to trade in this energy resource, crude oil, if you want to earn profit.
New York Mercantile Exchange (NYMEX) is one of the world's largest energy futures exchange. New York Mercantile Exchange trades in crude oil, natural gas, heating oil, gasoline coal, electricity and propane. Oil is pervasive as it is not only useful for industry, it is also necessary for an economy and also for financial market.
The rise in the price of oil leads to inflation in an economy. And this situation, i.e. inflation, forces the central bank of economy to raise the interest rate. So, it is said that when oil prices rises, even interest rate increases and when oil prices decreases, the interest rate also faces decline. They generally move in the same direction. The trends in oil market don't develop or change suddenly. You can easily earn a handsome profit by trading in it.
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