The most traded commodity is crude oil. According to the Investory Guide, “These commodities are mostly traded in the New York Mercantile Exchange [NYMEX], ICE Futures, the Dubai Mercantile Exchange [DME] and the Central Japan Commodity Exchange.” Crude oil is mainly used as gasoline and as a source of heat. Oil is a very big industry and those who control it are very, very wealthy.
Thought this might be interesting. I have read in many places that the biggest export of the United States is garbage. Isn’t that great for our economy.
Interestingly, according to the same source, the second-most traded commodity, in terms of value, is coffee. This despite the large discrepancy between the number of uses for coffee and the number of uses for crude oil.
Click here to cancel reply.
Sorry,At this time user registration is disabled. We will open registration soon!
Don't have an account? Click Here to Signup
© Copyright GreenAnswers.com LLC