Tag Archives: Analysis
Who is OPEC and why are they important in oil trading?

“OPEC daily basket price stood at $86.51 a barrel.” “Al Ghais: Peak oil demand not on the horizon.” “37th OPEC and non-OPEC Ministerial Meeting.” Above are some of the headlines that oil traders would eye on every business day. For someone new to the oil as a commodity in day trading, one must wonder why theContinue Reading