Sweet crude oil is the most commonly traded type of petroleum in binary options trading. Crude oil is considered “sweet” if it contains less than 0.5 percent of sulfur, the less commonly traded binary option is Sour Crude Oil. When trading oil with binary options sweet crude is much more relevant. Higher quality, lower sulfur content crude oil is more commonly traded in binary options because it is more in demand and generally treated into gasoline. This commodity is in high demand in industrialized nations and is strongly connected to specific currencies such as the Canadian Dollar. Keep an eye on this commodity while trading binary options online. It is important to note that trading this binary option is available 24 hours a day 5 days a week, whenever the markets are open!
In addition to Gold, Oil is considered a natural hedge against inflation and the devaluing of currencies, mainly the USD.
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