List of Brokers for Oil Trading

An oil-producing country will benefit from higher oil prices, hence its currency might strengthen on higher oil prices. Contrarily, a manufacturing-based country that needs a lot of energy but is unable to produce will have to pay more, thus their currency will suffer during the oil price boom. These correlations more often than not, happen over a longer period instead of on a day-to-day basis as cumulative influence hits slowly.

Continue Reading at How World Oil Prices Affect Forex, Before And After US Shale Fracking

Oil prices can be influenced by several major factors, including the global economy, supply and demand dynamics, and political uncertainty. These factors play a significant role in determining the price of oil in the market.

Continue Reading at Why Are WTI and Brent Prices Different?

Hydraulic Fracturing, also known by its shorter nickname Fracking is a method to drill well by injecting high-pressure fluids in order to create fractures in deep-rock formation where gas and petroleum could flow through much more easily. Such a method has been in practice for a long time. In the US particularly, it has been done since 1949.

Continue Reading at How World Oil Prices Affect Forex, Before And After US Shale Fracking

The Russia-Ukraine war had several effects, including a significant spike in crude oil prices and supply uncertainties in various locations. In early March, crude oil prices reached a 13-year high, hitting $125 per barrel.

Continue Reading at What Can We Learn from Market Trends in 2022?