Trade Spot Energies with TradelandFX

The two principal sources of oil traded in the marketplaces are Brent crude (North Atlantic) and (WTI) crude, i.e., West Texas Intermediate (United States). Both are regarded as high-quality oils with considerable worldwide trade volumes. Until 2010, the prices of both were essentially the same, but since then, WTI crude has traded at a markdown due to the rising US oil supply. Another distinction is that demand for each comes mostly from Europe and, to a lesser extent, Asia, whereas WTI crude demand comes primarily from the United States. Traders can benefit from either case.

A good crude oil trading strategy starts with a basic analysis of the market to comprehend the present, actual supply & demand dynamics of the commodity. When the trader learns this, they will be able to construct a technical analysis framework that allows them to benefit from market wild swings. There are several tactics that may be applied, ranging from breakout strategies in holding, sideways markets to trend compared to the proposed when the market has a definite direction.

Yes, oil trading is comparatively less risky than share market, i.e., stock trading. It's also a great method to hedge your stock portfolio because stocks and commodities have a negative correlation.

You'll need to familiarize yourself with 2 oil reports:

Oil Inventory Report from the Department of Energy (DEO)

Oil Market Report from the Organization of Petroleum Exporting Countries (OPEC)