MCX Crude Oil Tips - Crudeonly

CRUDEONLY   Oil is the world economy’s most important source of energy and is therefore critical to economic growth. Crude oil is a central part of modern life and the world’s most important energy resource. Its value is driven by demand for refined petroleum products, particularly in the transportation sector. Petroleum products power virtually all motor vehicles, aircraft, marine vessels, and trains around the globe. In total, products derived from oil, such as motor gasoline, jet fuel, diesel fuel, and heating oil, supply 33% of all the energy consumed by households, businesses, and manufacturers worldwide.  Crude oils have various attributes that make them more or less attractive to refiners. As with the crude oil market, there exists a dynamic relationship between current prices and prices for petroleum products to be delivered in the future. A change in the futures price of gasoline or heating oil to be delivered some months in the future can lead to a similar change in th