Crude Oil

The oil industry plays a crucial role in fueling the global economy, powering transportation, manufacturing, and countless other sectors. As a finite resource, the responsible extraction, production, and consumption of oil are essential to meeting both current and future energy demands.

At Blockstream, we are committed to using advanced technologies and innovative methods to extract oil safely and efficiently. Our approach prioritizes minimizing environmental impact while ensuring that this vital resource continues to support economic growth and development for generations to come.

What is Oil Trading?

Oil trading involves the buying and selling of crude oil and its derivatives in financial markets. Traders speculate on the future price movements of oil, aiming to profit from fluctuations in supply, demand, geopolitical events, and economic trends. Oil can be traded in various forms, including futures contracts, options, and exchange-traded funds (ETFs). This type of trading plays a crucial role in the global economy, influencing everything from energy prices to international relations.

What is the Oil Spot Price?

The oil spot price refers to the current price at which a barrel of oil can be bought or sold for immediate delivery. It fluctuates based on real-time supply and demand dynamics in the global market and serves as a benchmark for oil-related contracts and products.

What are Oil Options?

Oil options are financial instruments that grant you the right, but not the obligation, to buy or sell a specific amount of oil at a predetermined price on or before a set expiration date. Unlike futures contracts, oil options provide flexibility, allowing traders to choose whether or not to exercise the option based on market conditions at the time of expiration.

 

What are Oil Futures?

Oil futures are standardized contracts traded on exchanges, where participants agree to buy or sell a specific amount of oil at a predetermined price on a future date. These contracts are used by traders and companies to hedge against price fluctuations or to speculate on future price movements, allowing for the trading of oil prices both on the rise and on the decline.