What is long and short in oil trading?
I'm interested in understanding the concepts of long and short in the context of oil trading. Could you explain what these terms mean and how they are applied in this field?
What is BBL in oil trading?
I'm trying to understand the term 'BBL' in the context of oil trading. Could someone explain what it stands for and how it's used in this industry?
How do physical oil traders make money?
Can you elaborate on how physical oil traders generate revenue in their line of work? Are there specific strategies or techniques they employ to capitalize on market fluctuations? How do they manage risk and ensure profitability in an industry notorious for its volatility?