Trade WTI with Fondex
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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