Oil is one of those commodities where the price is published continuously. Crude oil is the most traded commodity in the world (followed by coffee). The question is how does knowing the oil price help in assessing and managing your investments?
Oil is crucial to our modern economy. And while we may feel that the world is going greener and petroleum-run vehicles are becoming old school, virtually everything that we use on a daily basis, whether it’s one’s car, air travel, plastics, every-day consumer products, the vast majority of these are derived from oil and depend heavily on the global oil supply chain.
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