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Yes oil is a commodity....
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Can I buy and sell crude oil like stocks?
Yes. That is called Commodity trading. Oil is a commodity and is traded in the commodities market.
What inventions made oil such a valuable commodity?
Oil has many uses.
What is an example of a commodity?
Wheat, rice, oil are commodities.
In economics a commodity is defined?
a primary product like oil or coffee.
Nigerias dominant export commodity produced in large quantities is?
oil
Related questions
Which is the largest commodity exchange for commodity market?
Oil is that commodity.
Can I buy and sell crude oil like stocks?
Yes. That is called Commodity trading. Oil is a commodity and is traded in the commodities market.
What inventions made oil such a valuable commodity?
Oil has many uses.
What is the role of oil in economies of the countries in southwest Asia?
oil is there chief commodity
What is an example of a commodity?
Wheat, rice, oil are commodities.
Much of the economic growth of Texas is based on which commodity?
Oil
What commodity caused the power in the middle East to shift?
Oil.
What is the most used commodity in the US besides oil?
Gas
In the US oil is considered what?
Not sure exactly what the question means, but oil is considered a commodity.
Commodity code for bonny light crude oil?
Based on your description, the Harmonized System commodity (HS) code for bonny light crude oil is 270900.This classification was performed by 3CEonline.com
What a commodity is defined in economics?
a primary product like oil or coffee.
In economics a commodity is defined?
a primary product like oil or coffee.
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