How to Buy Crude Oil: A Comprehensive Beginner's Guide

How to Buy Crude Oil refers to the process of purchasing unrefined petroleum, a naturally occurring, flammable liquid found beneath the Earth’s surface. It serves as the primary feedstock for refineries that transform it into various products, including gasoline, diesel, and jet fuel. Understanding how to buy crude oil is crucial for energy companies, governments,…

Essential Guide to Purchasing Crude Futures: A Step-by-Step Approach

Crude futures are contracts that obligate the buyer to purchase a certain amount of crude oil at a set price on a future date. They are traded on exchanges such as the New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE). Buying crude futures can be a way to hedge against the risk of…