Through our ten years of experience in which we
have dealt with many companies all around the world, when we dealt
with Windsor our concepts about this kind of business had changed.
It was the only time we find a company that cares about the interest
of the client more than he does, and for the first time we see a
company that gives the price exactly as it is without thinking of
making more profit from the client
Crude oil is the raw
material that is refined into gasoline,
heating oil, jet fuel, propane, petrochemicals, and other products. In today's complex
global markets, the price of crude oil is set by movements on the three
major international petroleum exchanges the New York Mercantile Exchange,
the International Petroleum Exchange in London and the Singapore
International Monetary Exchange.
Prices of crude oil have always
been politically volatile and are greatly influenced by supply and demand.
They behave much as any other commodity with wide price swings in times of
shortage or oversupply and in times of political instability. The crude
oil price cycle may extend over several years.
There are two types of crude oil, sour crude is primarily the type of crude that
comes from OPEC, as opposed to West Texas Intermediate (WTI) or sweet
crude. The WTI price is traded on the New York Mercantile Exchange
(NYMEX).
Crude oil began
futures trading on the NYMEX in 1983 and is the most
heavily traded commodity. It trades in units of 1,000 U.S. barrels i.e. 42,000
US gallons (1 contract), and the price is quoted in dollars and cents
per barrel. The minimum price fluctuation in the price of crude oil
is US$ 0.001per barrel ( US$ 10 per contract).
Crude oil
Futures trading has always been of tremendous interest to speculators who
hope to profit from the ever changing price of this commodity.
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