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Oil Online Trading

How to trade Oil

When it comes to choosing an asset to trade online trading (digital) options traders often look to Commodities, and in particular Oil, Gold and Silver. Most broker platforms offer these three commodities at the minimum. Oil commodity is heavily supply and demand focused. There is always much speculation as to the future price of a barrel of oil, and oil futures were around long before online trading emerged as a major retail investment tool back in 2008.

Oil commodity

Commodities are often where traders turn when there is uncertainty in the equities markets. Oil is a favored commodity to trade as the world economy is heavily reliant on it at both consumer and industrial levels. The price is driven by supply, demand and reserve levels. All three factors fluctuate, causing correlated fluctuations in price.

Major economic and political events play a crucial role in oil online trading.

For example, the US Fiscal Debt Talks of December 2012 caused great volatility in the price of oil commodity. Failure of the talks could have caused recession. Recession leads to lower demand for oil. Therefore, the price dropped in anticipation.

As the talks reached a “temporarily” successful conclusion automatic austerity measures were averted and oil rebounded. Oil then corrected as it had rebounded over enthusiastically.

This example highlights an interesting oil trade scenario and some of the research and analysis that those specializing in the commodity must complete.

Oil online trading brokers

Oil price is traded in US dollars and cents per barrel. It is traded on many exchanges including CME Globex, CME ClearPort, and Open Outcry FEs. There is plenty of news about oil commodity in the media and expert opinion to use in ones research. There are also many established ways to trade based on technical analysis strategies.

Want to know where to trade oil online trading?

We have done some research on trading oil to save you some time. Here is a list of some of the best oil online trading brokers: Moreover, the brokers mentioned below will help you to learn not only how to trade oil and also other commodities and different kinds of assets.

All the brokers` reviews you can find here are tested, verified and approved by our experts. That is why you can be sure that after having chosen any of oil online trading brokers from our list you will get an excellent trading experience. Moreover, you can easily find online trading videos together with other various education materials almost in every broker. We hope that oil online trading will become a new interesting and captivating activity that will bring you high payouts.

In the table below you can see the full list of brokers who offer this asset for trading