INTRADAY COMMODITY FUTURE : Buy CRUDE OIL

• July 20, 2021
• By Ruhul AMIN Mondal
• 119 Views 701 comments

Petroleum (/pəˈtroʊliəm/), also known as crude oil and oil, is a naturally occurring, yellowish-black liquid found in geological formations beneath the Earth’s surface. It is commonly refined into various types of fuels. Components of petroleum are separated using a technique called fractional distillation, i.e. separation of a liquid mixture into fractions differing in boiling point by means of distillation, typically using a fractionating column. It consists of naturally occurring hydrocarbons of various molecular weights and may contain miscellaneous organic compounds.^[1] The name petroleum covers both naturally occurring unprocessed and petroleum products that are made up of refined A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both intense heat and pressure. Petroleum has mostly been recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent improvements to technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into numerous products for direct use or use in manufacturing, such as gasoline (petrol), diesel and kerosene to asphalt and chemical reagents used to make plastics, pesticides and pharmaceuticals. Petroleum is used in manufacturing a wide variety of materials,^[2] and it is estimated that the world consumes about 100 million barrels each day. Petroleum production can be extremely profitable and was important for economic development in the 20th century, with some countries, so called “oil states“, gaining significant economic and international power because of their control of oil production. Petroleum exploitation has significant negative environmental and social consequences. Most significantly, extraction, refining and burning of petroleum fuels all release large quantities of greenhouse gases, so petroleum is one of the major contributors to climate change. Furthermore, parts of the petroleum industry actively suppressed science and policy that aimed to prevent the climate crisis. Other negative environmental effects include the environmental impacts of exploration and exploitation of petroleum reserves, such as oil spills,Petroleum includes not only crude oil, but all liquid, gaseous and solid hydrocarbons. Under surface pressure and temperature conditions, lighter hydrocarbons methane, ethane, propane and butane exist as gases, while pentane and heavier hydrocarbons are in the form of liquids or solids. However, in an underground oil reservoir the proportions of gas, liquid, and solid depend on subsurface conditions and on the phase diagram of the petroleum mixture.^[54] An oil well produces predominantly crude oil, with some natural gas dissolved in it. Because the pressure is lower at the surface than underground, some of the gas will come out of solution and be recovered (or burned) as associated gas or solution gas.

Script Name –CRUDE OIL

Expire Date-AUGUST

Buy Price –4981-4986

Profit Target-5080

Stop Loss-4937

Call Duration-INTRADAY

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