Tag Archives: Oil

Crude oil is a naturally occurring fossil fuel product which is composed of hydrocarbon deposits and other organic materials and is distilled to produce other usable products including gasoline, diesel, and various other forms of petrochemicals.   Know about crude oil: Crude oil is usually obtained through drilling, where it is normally found alongside other resources, [...]

Oil prices and forex rates share an intimate relationship; this correlation exists due to many factors, such as balance of trade, supply chain patterns and market psychology. Crude oil is an important source of energy, and fluctuations in its price affect the global economy. The currency exchange rate becomes one of the important channels through [...]