Oil has precisely like gold, natural gas and other metals become very popular asset to invest in. As an addition, to trade oil with binary options is the same as getting interested in politics.
The oil and the oil price is a political game in the whole world, especially in USA and the arabic world. This is also reflected within binary options with oil, if the price goes up or down on raw oil.
Here you are required to have insight and interest in the regions and countries where the oil is found in order to be able to predict the trading-price for oil. It is, like every other market, the supply and demand that decides the price – and here it’s politics that plays a major role.
Follow closely the oil price and the expected echange of oil with USA – that buys a big share of the oil currently produced. Also keep an eye on the oil producing countries and the evolution in those regions. Those are the countries that controls the amount of oil produced, and therefrore have a role in the supply and price of oil. A falling supply is often related to a higher price, meaning it’s time to trade oil with binary options and predict the rise within the right time period.