Crude oil is one of the most actively traded commodities in global markets. Its price movements are influenced by geopolitical events, supply-demand changes, and economic data, making it attractive for traders.
Key Points
Crude oil is widely used in energy, transportation, and manufacturing
Prices are highly volatile, offering good opportunities for traders
Influenced by OPEC decisions, global conflicts, and inventory reports
Traded globally on platforms like MCX, NYMEX, and ICE
Suitable for short-term (intraday) and long-term trading strategies
Crude oil remains a preferred choice for traders who understand market trends and manage risk effectively.