Mathematical systems and signs to make money with Online Binary Options

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Fluctuations in the oil price

When you are to bet on oil through binary options is essential to know what factors influence the oil value. But also know in what quantity  makes it each one: the European debt crisis, inflation, the dollar price, OPEC infighting and increased consumption are the most important aspects that need to be considered.

OPEC and its influence on oil prices.

OPEC is composed of twelve major oil producing countries. Sometimes the interests of these countries are opposed, as some of them having a large population and produce much oil as Nigeria, or those with the best quality oil, such as Libya, are in favor of raising prices as they depend of these revenues to thrive. On the other hand countries like Saudi Arabia, with smaller populations and thus less need for income volume, focus on long-term market and do not want a big raise to avoid opting for the further development of alternative energies. This balance of forces must be taken into account when you are betting on oil, being aware of any situation that may tip the balance one way or the other. Political conflicts in those countries, such as Libya in recent, can also influence oil prices although it should be noted that this influence is not as important as it was in the past. To bet on oil you must know about new influences on oil prices: the boards of financial institutions.

Despite the economic situation we are facing in Europe and that in other times would have caused a drop in the price of crude oil, it has risen. This is because this days there are other important influences in price, such as boards of financial institutions such as Goldman Sachs, whose predictions have already been seen to have an enormous influence on the oil price trend. To bet on oil today is essential to know the reports of these institutions.

 


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