Getting in to the Swing of Crude

Disrupt Trading Review Oil is a highly volatile, yet exciting commodity to trade. The opportunities are great but so are the risks. With binary options/digital options, you can take advantage of the high returns oil trading can bring and control your risk levels at the same time.Oil was the first form of energy to be widely traded on regulated commodities exchanges, where it is bought and sold in standardized contracts. It is also one of the most popular commodities for binary options trading via digital options platforms. With a simple online binary options account, you can call or put binary options on the price of a barrel of Light Crude Oil on the NYMEX future exchange. Something to keep in mind as you trade binary options is that there are many different factors that can affect the price of oil and other commodities including taxes, inflation and money supply.

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Other factors like politics, weather, transportation costs and technology also have a strong influence on prices, which is why options trading on commodities is so interesting and lucrative. Oil falls under the category of hard commodities, which refers to commodities that are mined rather than grown. It is one of the most traded commodities among those who trade binary options because of its high level of volatility and price swings. Other commodities under this category are natural gas, gold, silver, copper and rubber - all of which can be traded using options/fixed return options.Those who trade oil options are well aware of the significant decrease in prices since the end of 2008. The WTI crude oil spot price fell to $30.28 per barrel on December 23, 2008 - the lowest since the beginning of the recent financial crisis.