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Understanding crude oil trading
What is crude oil?
Crude oil is the most popular fossil fuel in the world market. Not only gasoline(diesel) is made from crude oil, but also clothes, household chemicals, cellophane, paints, asphalt, about a thousand types of lubricants, tiles, fertilizers, cosmetics, and plastic. Everything else is made from plastic.
Crude oil has been known to mankind since at least the seventh millennium BC. In ancient Babylon, bitumen was used in the construction of buildings and the sealing of ships. It is believed that it was also used in the construction of the Hanging Gardens of Babylon….
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