If you are looking for buyers of mazut m100 (fuel oil), d2 (diesel oil), blco (bonny light crude oil) or bitumen (petroleum asphalt), then there is a genuine way to find them both online and offline. Business to business sites contains buyers of crude. Most real buyers of oil do not like wasting time. The types of buyers you can find are intermediary buyers. Selling raw and refined crude oil to major oil dealers requires the use of professional experience.
Have you missed out on the recent huge move in crude oil? If you have and you are wondering if crude oil will stay high then this article is for you.
Here are the factors driving prices higher:
1. Demand
2. Demand has not been restrained by price
High oil prices are an impact on economic growth, but this impact has been over emphasized by most traders.
3. Supply Can't keep pace
Over the next nine years, global oil demand grew from 70.0 to 82.4 million.
The theory that higher oil prices would quickly be met with a surge in supply has not materialized.
The problem has been developing new oil fields.
4. Refining and transportation capacity
High oil prices are here to stay
While oil prices will have pullbacks and corrections to the downside, high oil prices are here to stay and you can take advantage for huge profits.
Many forex brokers now let you spot trade crude oil from the same trading platform that you use to trade currencies. Spot trading oil is no different than spot trading currencies. If you are a forex trader, oil trading is not difficult for you. Crude Oil prices are again on the rise. Right now, crude oil prices are hovering around $70-80 per barrel but are expected to reach $100 per barrel and eventually reach $200 per barrel.
This uptrend in the crude oil prices may last from many months to many years as the global economy experiencing rising energy demand but a dwindling oil supply. You can also trade oil with an expert advisor like you do in currency trading.