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Yes. That is called Commodity trading. Oil is a commodity and is traded in the commodities market.
1. International Crude Price 2. Higher Agricultural commodity Price 3. much liquidity in Market
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world changes in the past two decades
Crude petroleum
Based on your description, the Harmonized System commodity (HS) code for bonny light crude oil is 270900.This classification was performed by 3CEonline.com
The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.
The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.
Not necessarily. They may have bought futures.
All of them. They were short on food, raw materials, crude oil...
Because pricinig of petrol is linked with crude import from international market and the oil companies in India are authorized to revise the rates accordingly.
Market power is an often used term in studying economics and understanding why things happen in the business world. Generally speaking, market power means that a company or an industry can influences prices of various products. A large oil company for example, can influence market prices of crude oil by pumping out an unusual amount of crude oil for the market place. This in its course will lower crude prices.