Should I Acquire Crude Oil Futures?

By Author: Cary Fosnot
Total Articles: 1
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To understand maybe it is time to invest in crude oil, there are some important parameters that are to be researched. These contain the creation, consumption and international reserves. This information can be openly seen through a variety of industry reports. One of the recognized reports is that produced by British Petroleum (BP) titled Statistical Review of World energy 2012. This report has data for every significant energy resources International Brent crude Production Entire production every day increased from 31.8 million barrels in 1965 to an estimated 83.6 million barrels per day in 2011. The production data nonetheless comprises of a variety of workings such as crude oil, oil sands and shale oil. The rise in oil production signaled an even build up in want occasioned by industrial actions and other energy requirements. Light sweet crude UtilizationIn the identical timeframe that is 1965 and 2011 total oil utilization measured in barrels per day swelled. In 1965, the usual utilization was 30.5 million barrels per day while in 2011 use increased to 88 million barrels per day. This data was compared across a number of ...
... demand platforms including inland demand, international, aviation and marine bunkers. The consumption pattern is on the rise and this projects to a potential where consumption will outstrip requirement. World bodies and energy crusaders are championing efforts to escalate the use of ethanol in addition to bio-diesel as alternative energy sources. This will act towards satisfying energy demands while at the same time lessen carbon emissions.global oil reservesThere has been a recognizable swell in oil reserves across the years. In 1980 as an example the oil reserves stood at 683 billion barrels to 1653 billion barrels in 2011. The swell in reserves means that new-found oil discoveries like that of Gulf of Alaska have added to the numbers. The oil reserves in the Middle East have not altered much as most of the wells are either using up their reserves or fresh wells have not been revealed. Drilling technology have also led to an rise in the number of oil produced. The main oil consumers consist of countries like China, India, Brazil, South Korea, Iran, South Arabia and Mexico. Most of these countries represent of what is regularly established as the emerging markets. China has in the recent past been a chief user of oil to power its industries and it has in a way affected the move in brent crude prices. More reasons why brent crude is a must buyFollowing the above examination, it is obvious that the time to buy brent crude is now. This is caused by the idea that world oil reserves will in a little while be extinguished and as such economies like the United States are accumulating reserves in addition to the oil that they already have.The increasing consumption is a substantial aspect to traders in the crude oil market. Even with the economic woes, oil has not responded adversely but to be more precise it has been wavering about some standard ranges. The reality that the major consumers are spread covering the globe means that an economic disaster affecting one part of the globe may not necessarily lead to a slow demand in another economy. China and India have had an expansion in their industries making them inhabit the centre stage in worldwide oil utilization debates.The price of crude oil is not as yet at its maximum based mostly on historical price movements. Therefore anyone investing in brent crude oil today is positioned to reap into the future if the oil price will swing back to its historical highest. The only caveat is that investment in oil is long term in nature and traders in this market must think of it as such.Visit our website at Exactrades.com to learn more about buying oil stocks.