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About energy resources
High volatility is a standard feature of quotes. It is formed due to the influence on the value of this asset of a huge number of political and complex environmental criteria. In addition, the balance of supply and demand, as well as global economic growth affect energy prices. As the economy grows, energy demand increases, and vice versa - during stagnation, the consumption of these resources decreases.
In addition to economic changes, weather disasters affect the cost of energy, which can lead to interruptions in the supply of raw materials. In addition, these circumstances can reduce or increase the demand for many other services that are directly related to the resources in question. It is worth recalling the political situation in the states where the world's largest hydrocarbon deposits are located.
Energy prices are constantly changing. This is a great tool for daily investors using fast fluctuations and choosing CFDs as the easiest way to trade oil.