At Gold is Black, our expertise is trading crude oil futures on the NYMEX. We are “Crude Oil Traders”.
The backbone of our success is our RISK MANAGEMENT procedures. At any given time we never put at risk more than 8% of your investment. Our clients are assigned one professional crude oil trader and none of our traders will manage more than two clients at any time.This approach gives our clients the unsurpassed personalized service to ensure that your account is managed with the utmost care and professionalism while making the most of your investment.
Gold is Black Co., Ltd. is a joint venture between companies in Thailand, Hong Kong, Singapore...
Below is a list of a few factors that affect crude oil futures pricing:
1OPEC: set production quotas and the current supply in terms of output.
2Oil reserves, including what is available in U.S. refineries as well as what is stored in Strategic Petroleum Reserves.
3Oil Demands: Forecasts from the AAA are used in the summer to determine potential gasoline useage.
4Weather Forecasts: during the winter, weather forecasts are used to determine potential home heating oil useage.
5World Crises: crises in oil producing countries can also dramatically increase oil prices.
6Ecological / Economical considerations lead to the development of alternative fuels and the enhanced consumption of LNG (liquedfied natural gas) and coal.