Crude oil



 crude oil

Crude oil why I choose this content because this is the most important part of the international commodity market so I thought I want to share something about this with you. crude oil is the biggest profit-making commodity I already posted about the commodity market in my blog you can check that in the financial label’s list. crude oil is the source of many fuels like petroleum, diesel, kerosene, LPG so crude oil play’s an important role in our economy. Most traders of the commodity market trading the crude oil and also making more profit from here if you want to become a successful trader in the commodity market? then you must improve your financial knowledge otherwise you can’t trade in the market. if you want to survive in the commodity market for the long term? Then you must improve your knowledge about this market. crude oil trading is the biggest process if you are going to the trader in crude oil before that you must understand the basics of the crude oil market. Here have many sources for improving your knowledge like books, articles, news, etc. you have to use that properly. Before going to trade in the commodity market you must have experience, practical knowledge, and risk-bearing capacity is the most important quality required for the trader so try to improve these skills then start your trade. If you want to become a successful trader in the commodity market? then you must use some trading stairgates otherwise you can’t trade successfully. strategies have to win always so you have to conscious about it. When you get proper knowledge about a commodity market you can use some strategies that’s will not fall. before using any strategies in trading that should your own strategy that’s most important because that’s you’re trading so try to learn about the commodity market try to become a successful trader. 

Which are countries exporting crude oil?

OPEC (organization of the petroleum exporting countries) like Saudi Arabia, Iraq, Kuwait, etc. These countries are majorly exporting crude oil.

Types of streams of the crude oil market

Here have three types of streams for crude oil these streams are the three-level of the crude oil market without one stream can’t use this crude oil .

Upstream 


Upstream is the primary level of the crude oil market here the OPEC (organization of the petroleum exporting countries) these countries mining the crude oil then transport to down streams for refining the crude oil then only that can use for commercial purpose this is the second method. When the crude oil price will increase then the upstream companies will make more profits this is the major advantage of these upstream companies.

1.   Downstream


After the mining, the crude oil has to refine for getting various fuels like petrol, diesel, kerosene, LPG, wax, etc. Here the downstream companies playing a major role BPCL, HPCL is the downstream companies’ examples. Crude oil is the raw material of downstream companies if the crude oil price goes higher downstream companies will face loss because without raw material 

Can’t produce the output so that time the petroleum, diesel, other fuel prices suddenly will increase so beginners have to understand this. 

 

1.   Midstream 


Midstream companies also playing a major role in the crude oil market the midstream company provides transportation facilities through the Sea, road, etc. 

 

Crude oil vs us dolor


Crude oil has relation with the us dollar when the crude oil price is going higher than us dollar price will decrease. When us dollar price goes higher crude oil price will decrease the beginners of the commodity market must understand this concept well especially the traders must understand this relation then only can take the decisions in trade 

 

conclusion

crude oil trading is highly profitable trading but the trader should analyze the commodity market before entering into trade otherwise, traders can’t become a success in the future. The trader must understand well about the upstream, downstream, midstream, and the trader should understand the relation of us, dollar vs crude oil Before going to trade the trader must prepare well for the trade psychologically and financially then only the trader can manage their risks. I’m not a trading advisor I’m only sharing my piece of knowledge about the commodity market.

 

I hope this content you understand well.

 

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