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Thinking of trading WTI?

    1. Most of the world's oil supply is covered by a 13-nation cartel known as OPEC (Organization of Petroleum Exporting Countries) which seeks to control the production of oil globally to increase the prices. Oil traders need to follow what OPEC says about the production as it brings a lot of investment opportunities for those seeking to profit from short term price fluctuations in oil prices. 2. Oil prices are driven mainly by the supply and demand factor of the commodity. At the moment, the global demand for Oil is about 96.9 Million Barrels a day, a number which keeps on increasing with the new advancement in technology and power sector. This presents a unique opportunity for investors to participate and reap good mid to long term profits.
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Trading CFDs involves significant risk of loss

How would you like to trade WTI?

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Trading involves risk of loss

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Trading involves risk of loss

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Trading involves risk of loss

The history of Oil can be dated back to around 600 BC when it was discovered by the Chinese, but it was not until 1859 that it gained popularity and was used as an alternative to many other energy resources like whale oil thanks to Colonel Drake who discovered the process to refine the oil to obtain kerosene.Since energy has been an essential driver for human and scientific development, Oil became the preferred source of energy in the 19th and 20th centuries. The United States of America accounts for 20% of the global oil consumption and is also the third biggest oil-producing country after Russia & Saudi Arabia.When speaking about the quality of oil, there are two different grades of oil which are Brent Oil also known as Brent Crude and WTI Oil. Both have a different level of sulfur, WTI has a sulfur content of 0.24% whereas Brent has 0.37%, the higher the sulfur levels the more expensive and difficult it becomes to refine the oil.

1. Any wartime disruptions in the oil supply by OPEC and other oil producing countries can be expected to push the prices higher up. 2. Sentiments from OPEC about production are one of the major factors moving oil prices, aggressive hikes have sent the west into a recession twice before and can affect economies consuming large quantities of oil in the future as well.