Commodity Trade Mantra

Posts Tagged ‘Market for Crude Oil’

The Multi-Trillion Dollar Oil Market Swindle

Assuming $55 per barrel for oil, the market for crude oil is about $5.2 billion per day. Each $10/Barrel change is worth nearly $1 billion/day or $365 Billion/year for the worldwide crude oil market. Add the worldwide equity market caps of oil and oil market related equities and debt you have a scandal that is in the trillions; a number that cannot be ignored.

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