Woodada Oil
Crude Oil Trading

Woodada Oil Trading

Crude oil is one of the most actively traded commodities​​ in the world.

Trading within the oil markets can be a risky move, given the increased volatility throughout recent years. Where supply and demand is constantly changing, so is the price of oil. 
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Why is crude oil a valuable commodity?

Types of crude oil

The type of crude oil depends on the geographic location of the oil field and the characteristics of the oil itself. While there hundreds of types of crude oil traded on the global market, two primary types of crude oil serve as global benchmarks for oil prices: Brent and West Texas Intermediate.
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