Zoom to success trading binary options from beginner to project
Of course, this volatility only excites traders even more, and creates huge opportunities for profit (and loss). Used as both an industrial metal and a hard asset, it plays double duty in the commodities market. Trading it and predicting its price is a careful balancing act between what consumers need and what the currency market demands. Much like gold, it is considered to be a natural hedge against inflation and in the last few years was highly correlated with world growth.
High quality, low sulfur crude oil is commonly used for processing into gasoline and is in high demand, particularly in the industrialized nations.