An oil broker is an intermediary that arranges the purchasing and selling of a crude oil commodity. Typically an oil broker is a licensed security trader that either works directly at a market exchange or remotely via the Internet and telephone.
These brokers can include a broker working for an energy company negotiating a higher sale price to an oil refinery or a broker working for a manufacturer who is negotiating a lower purchasing price as they purchase the refined oil for a company. The world of online oil trading is a bit different. Most companies will offer a CFD or contract for difference, allowing traders to speculate directly on the price of oil without worrying about the complexities of negotiating futures contracts.
This allows traders maximum flexibility, offering trades in the space of miliseconds. Traders generally buy and sell light sweet crude, but brent oil is also a possibility on some platforms. Oil is a very popular instrument to trade on CFD platforms - not only is it constantly in the news, but it has an ability to surprise and influence every day life in a way few other commodities or instruments can.
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There system has been Crude oil is a naturally occurring petroleum product commonly used in energy production and manufacturing. It is typically purchased with the intent Core Spreads is an independent, low-cost online financial spread betting and CFD company based in London.
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