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Crude Oil

General Information

Crude Oil

One of the most significant and often traded commodities in the world is crude oil. It is a fossil fuel that powers machines, creates energy, and yields a wide range of other goods. Many variables, including supply and demand, geopolitical unrest, and general economic conditions, have an impact on the price of crude oil.
 
The price of crude oil is keenly watched by traders and investors all over the world since it has a big influence on the international economy. If not correctly handled, the volatility of crude oil prices can result in considerable losses as well as potential for profit.
 
Futures contracts are a crucial tool for trading crude oil. Futures contracts are contracts to purchase or sell a set amount of a commodity at a predetermined price and date in the future. Traders can bet on the price of crude oil by buying and selling crude oil futures on exchanges all around the world.
 
Investors can purchase crude oil through mutual funds and exchange-traded funds (ETFs) in addition to futures contracts. By using these investment vehicles, traders may access the crude oil market without having to buy the commodity outright.

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Glossary

Leverage

It is the financial leverage provided by the broker to increase the purchasing power of the trader by giving him the possibility of depositing a small amount of money and trading in larger volumes. Leverage is expressed in the form of a percentage, where if it is 1:100, for example, the purchasing power of the trader is increased 100 times.

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.