1. What is spot crude oil?
Spot oil is also called spot crude oil and international crude oil. It means that in addition to the establishment of trading venues for futures trading approved by the State Council or the State Council futures regulatory authorities, no unit can concentrate on bidding, electronic matching, anonymous trading, and market makers. Such as centralized trading methods for standardized contract transactions (including crude oil spot trading) of oil.
Oil trading is an important financial transaction, providing more opportunities for the country's economic development and personal wealth creation. The domestic oil trading market started later than foreign countries, and the institutional system is still in the process of further improvement, but this often means broad development space and potential business opportunities.
Oil trading takes the form of major oil futures trading as well as oil spot trading. Since spot trading is superior to futures trading mode in many respects, oil spot trading is an internationally widely used and highly regarded trading method, especially in economically developed countries.
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