Intraday Commodity Future: Sell CRUDE OIL AUGUST

• July 22, 2021
• By Dipankar Sardar
• 99 Views 701 comments

Crude oil is a mixture of many different chemicals (mostly hydrocarbons), most of which burn well. It is separated into simpler, more useful mixtures by fractional distillation in  refineries to give separate chemicals such as gasoline (or petrol) for cars, kerosene for airplanes and bitumen for roads. Crude oil is a naturally occurring fossil fuel – meaning it comes from the remains of dead organisms. Crude oil is made up of a mixture of hydrocarbons – hydrogen and carbon atoms. … Or it can be found near the surface in sands. It is often found alongside natural gas and saline water. Crude oil is a liquid fuel source located underground. It is extracted through drilling. is used for transportation, heating and electricity generation, varied petroleum products, and plastics. Crude oil is a mixture of comparatively volatile liquid hydrocarbons (compounds composed mainly of hydrogen and carbon), though it also contains some nitrogen, sulfur, and oxygen. Those elements form a large variety of complex molecular structures, some of which cannot be readily identified. In 1859, at Titusville, Penn., Col. Edwin Drake drilled the first successful well through rock and produced crude oil. What some called “Drake’s Folly” was the birth of the modern petroleum industry. In 1875, crude oil was discovered by David Beaty at his home in Warren, Pennsylvania. This led to the opening of the Bradford  field, which, by the 1880s, produced 77 percent of the global supply.

Script Name –CRUDE OIL

Expire Date-AUGUST

Sell Price – 5283-5288

Profit Target-5190

Stop Loss-5337

Call Duration- Intraday

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