As it was informed by "Market Leader (US)"
Russian Oil: Fantastic Profits And Terrible Problems
Sometimes crude oil is referred to as “black gold”. For traders this is a major commodity. For investors this is a major investment object and a source of income.
Crude oil has been the reason for multiple wars (for example, Iraq, Libya, Persian Gulf) and international confrontation (USA – Iran, USA – Venezuela ).
Tips for beginners: crude oil is considered the most liquid and competitive commodity and energy carrier. Russia controls 1/6th of the global market of crude oil. It is the world’s number 7 in terms of oil reserves and a major oil exporter.