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As a key raw material oil is also the subject
of speculation. Oil and oil products are not only directly on the spot market,
but often in the form of commodity futures (oil contracts) traded. Two very
important for crude oil grades such transactions are Brent and West Texas
Intermediate. Oil prices often affects the stock prices. Many industries use oil
as a raw material and as fuel and they are dependent on the oil price. In
addition, the effect of oil price on the foreign exchange markets, as oil trades
remain predominantly in U.S. dollars. A high price often leads to a higher
dollar, although this act on a whole range of other factors, so that this effect
is not easy to understand. Financial and economic importance has, in addition to
the aforementioned conversion into other currencies, the use of proceeds of sale
of oil by producer countries.
Oilcom.de
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das
Oelpportal!!!!!!!!!!!!!!!!!
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