Oil futures are contracts for buying/selling oil at predetermined prices. Contracts specify quantity and delivery month. Traders can take long (buy) or short (sell) positions. Margin requirements are necessary for trading
Ph.D. in Economics at Marmara University. Located at European Union Institute, Istanbul. Phone: +90 216 336 33 35
Global oil prices remained stable until 1970s. OPEC formed in 1960 to gain control over oil exports. U.S. became dominant producer and regulated prices
Crude oil is a naturally occurring hydrocarbon mixture found underground. It can range from viscous liquid to thick tar-like substance. Color varies from light yellow to dark brown or black
Saudi Arabia's economic uncertainty and oil price volatility analyzed. Oil prices' asymmetric impact on Kazakhstan's stock market examined. BRICS countries' oil price-growth relationship studied. Saudi Arabia's oil price shocks and monetary stability analyzed. Indonesian energy sector companies' CSR index examined
President Trump posted cryptic warning about keeping oil prices down. He directed Energy Department with "DRILL, BABY, DRILL" message. Oil prices remained flat at $77 per barrel after U.S. nuclear attacks