Crude Oil Trading: Where It Began & Future Predictions
Written by Brigette Gebhard – Brigette Gebhard has been with Aspect Enterprise Solutions for 10 years and is the VP of Marketing.
Crude oil is a staple financial instrument for hedgers, traders and investors around the globe and one of the most significant resources in the world. Keeping up with crude markets requires a keen attention to detail as well as patience in what is typically an unpredictable industry.
We had an infographic created to visually explore some of the key historical events of crude oil, including George Bissell and Edwin L. Drake’s oil discovery, and the Arab Oil Embargo on the United States.
The second, dives into a few facts about crude oil reminding us that the NYMEX Futures Contract is the world’s most liquid forum for crude oil trading and that crude oil is the world’s most actively traded commodity. This section also compares WTI crude to Brent crude oil and highlights the 10 largest oil producers in the world in 2015.
The infographic concludes with future predictions – analysts expect energy commodities prices to increase slowly throughout 2016 and continue to rise in 2017.
Take a look at the infographic below to learn more about the past and future of crude oil trading.