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What percentage of oil is used for fuel

Oil is a versatile and valuable natural resource that is used in many different industries and applications. However, one of the primary uses of...

What does wti stand for

WTI stands for West Texas Intermediate, which is a type of crude oil that is produced in the United States. WTI is one of...

What is brent crude

Brent crude is a type of sweet light crude oil that is used as a benchmark for global oil prices. It is produced in...

How oil is formed

Oil is a fossil fuel that has been formed over millions of years from the remains of dead plants and animals. The process of...

What is foreign exchange quotation

The "foreign exchange quote" is the "ratio" of two currencies.Say "foreign exchange quotes" and people think of sets of "currency pairs", such as "euro/dollar"...

What is leveraged trading

Leveraged trading is also known as deposit trading.Investors use a small amount of capital to invest several times the original amount, in order to...

What are the factors that affect the price of gold

1. Supply and demand are the simplest factors. Almost all commodities are the same and have price fluctuation rules. However, the global supply is...

The difference between gas and liquefied gas

before the widespread use, many residents are used in the home, so what's the difference between gas and liquid gas?Liquefied gas is a colorless...

The difference between liquid ammonia and ammonia water

which is well known, liquid ammonia and ammonia in form are liquid state, someone will confuse the two concepts, but we must know that...

What is the forward exchange market

Forward refers to the trading market of foreign exchange pairs to be settled by both parties in the agreed currency and amount on the...

OPEC Secretary-General: Global oil demand will exceed pre-pandemic levels in 2023

On February 13, OPEC Secretary-General Argus said that OPEC expects global oil demand in 2023 to exceed the level before the epidemic; by 2025,...

What is the definition of foreign exchange futures

A standardized contractual transaction in which both parties agree to convert one form into the other at some future time in a proportion agreed...

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