Recent reports from S&P Global Commodity Insights have revealed that the Nigerian crude oil industry is facing a significant setback due to the emergence of a cheaper alternative. Blending two cru...
Like every other futures contract, oil futures contract or crude oil futures is a legal agreement that binds two parties to either buy or sell oil at a predetermined amount, at a stipulated time in th...
West Texas Intermediate (WTI) is a crude oil benchmark used in oil pricing. It is a grade of crude oil referred to as light sweet crude oil because of its low density and low sulfur content (0.24%). T...
Stock Futures are financial contracts that have individual stock as the underlying assets. It is formed based on a contract agreement to buy or sell a certain amount of underlying equity share for a ...
The oil market took a different turn on Monday after it fell it to its worst day on record. Since the coronavirus pandemic started, as feared, the demand for crude oil was certainly going to drop. But...