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There’s no denying that some investments will spark more controversy than others, and one such example is oil. These days, there’s a growing push on governments and consumers to use less oil or oil-derived products in their lives.
With that in mind, you would expect the value of oil to plummet as nations move towards alternative energy sources. Yet, oil continues to be one of the most valuable commodities on the planet.
That reason alone is enough to convince many people to stick with crude oil investments. If you’re new to investment trading as a secondary income source, why should you even consider oil as part of your portfolio?
The World Still Needs Oil
Despite most nations promising to cut down on carbon emissions, things like the internal combustion engine will still be here for some time. Plus, factories and heavy industries still need oil for lubrication. Without oil, machinery and equipment will seize and stop working.
Safer Than Company Shares
There are thousands of company shares you can buy and sell these days. But, if you’re looking for safer investments, commodities like oil should be on your trading portfolio.
Easy to Follow Price Movements
Last but not least, price movements are easier to follow with oil than company shares or even other commodities. That’s because global events that can affect oil prices are easier to follow than rumors from companies and other organizations.
New to commodity trading? Check out the following infographic to help you avoid the common pitfalls associated with trading:
Check out the latest Oil WTI price chart
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