How do you trade crude oil?

shatteredx said:
No one knows all the reasons why the 200 firms that dominate oil trading buy or sell at any moment. There are too many variables, and most are unknowable, and no one knows the relative importance of each. All that matters is the price. Price is truth. It shows the final vote tally of bull and bear dollars. If there is a bull breakout, more dollars want to buy, and I will see this and buy as well. If there is a bear breakout, more dollars want to sell, and I will sell. That is all that matters. I want to make money. This is how to do it."

http://www.futuresmag.com/2017/04/2...s-beyond-june-and-what-will-mean-price?page=3
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" Rankings: The 2017 Platts Top 250 Global Energy Company Rankings® are available "
https://top250.platts.com/Top250Rankings


Not only the dynamics of supply and demand, but also commercial trading+hedging and speculating activities, would affect market price.

There are already several serious papers from various governments, firms and academics about what major factors drive oil price that are available on the internet.
 
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Oil trading 'god' Andy Hall says he's met his match in robots

Oil "god" Andy Hall told investors that automated trading is making it difficult to produce returns in the oil market, according to Bloomberg News.
The Astenbeck Capital Management founder is known for fundamental analysis.
Hall closed down his flagship hedge fund after it reportedly tanked nearly 30 percent as oil prices fell.

Tom DiChristopher | @tdichristopher
Published 2:04 PM ET Mon, 14 Aug 2017

https://www.cnbc.com/2017/08/14/oil-trading-god-andy-hall-says-hes-met-his-match-robots.html
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