What is oil trading
Oil trading is the buying and selling of different types of oil and oil-linked assets with the aim of making a profit. As oil is a finite resource, its price can see massive fluctuations due to supply and demand changes. This volatility makes it extremely popular among traders.
Is oil a good investment?
In the oil and gas industry, this means that drilling costs—from equipment to labor—are up to 100% tax deductible. Oil and gas investments are an excellent write-off against income or gains in other areas. This makes oil a very good investment for many!
How much money can you make from an oil well?
So if the oil well produce 100 barrels a day, and the price of oil is $80 per barrel that month, then the cash flow is 100x$80 = $8,000/day The royalty owner, who agreed to 15% royalty, would receive $8,000 x 0.15 = $1,200/day.
Why coldwelloil is the best choice for oil investment ?
Coldwelloil is a big company working in the oil trading industry , the most trusted company and it guarantees the most profitable investment
With time and during this hard time Coldwelloil has already proved the effeciency of oil trading and that oil has always been one of the best sources of income
The oil industry has once again proven that despite the fallout of the economy of almost all countries, oil will always be one of the main commodities that will thrive and will always be needed.
Oil is a finite resource in our planet. With many claiming that it will run out in the future, this industry just strengthens its position in the world of business and trades as one of the most necessary commodity in our world today.