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Crude Oil

General Information

Crude Oil

One of the most significant and often traded commodities in the world is crude oil. It is a fossil fuel that powers machines, creates energy, and yields a wide range of other goods. Many variables, including supply and demand, geopolitical unrest, and general economic conditions, have an impact on the price of crude oil.
 
The price of crude oil is keenly watched by traders and investors all over the world since it has a big influence on the international economy. If not correctly handled, the volatility of crude oil prices can result in considerable losses as well as potential for profit.
 
Futures contracts are a crucial tool for trading crude oil. Futures contracts are contracts to purchase or sell a set amount of a commodity at a predetermined price and date in the future. Traders can bet on the price of crude oil by buying and selling crude oil futures on exchanges all around the world.
 
Investors can purchase crude oil through mutual funds and exchange-traded funds (ETFs) in addition to futures contracts. By using these investment vehicles, traders may access the crude oil market without having to buy the commodity outright.

Questions and Answers

How do I withdraw my money?

To make a withdrawal, just log in to your account, click on the "My Account" tab in the top right corner, and then on the "Funds" tab in your dashboard. Enter the amount you wish to withdraw and fill in the fields required and then click the "Submit" button

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Glossary

Pip

It is the smallest price change that can be seen in exchange rates. The prices of currency pairs are in most cases displayed to four decimal places. The term "PIP" stands for "percentage in point".

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.