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October 12th - According to data from the China Passenger Car Association (CPCA), passenger vehicle exports (including complete vehicles and CKD kits) reached 917,000 units in September, a year-on-year increase of 73.7% and a month-on-month increase of 3.2%, accounting for 36% of passenger vehicle manufacturers sales (38% in the previous month, and 19% in the same period of 2025). New energy vehicles accounted for 60.8% of total exports in September, a significant increase of 21 percentage points compared to the same period last year. Exports of domestic brands reached 812,000 units in September, a year-on-year increase of 75%; exports of joint venture and luxury brands reached 105,000 units, a year-on-year increase of 62%.October 12th - According to data from the China Passenger Car Association (CPCA), wholesale sales of new energy passenger vehicles reached 1.666 million units in September, a year-on-year increase of 11.3% and a month-on-month increase of 10.0%; from January to September, wholesale sales of new energy passenger vehicles reached 11.448 million units, a year-on-year increase of 9.4%. Wholesale sales of conventional fuel-powered passenger vehicles reached 880,000 units in September, a year-on-year decrease of 32% and a month-on-month increase of 5%.China Passenger Car Association (CPCA) reported that retail sales of new energy vehicles reached 1.084 million units in September, a year-on-year decrease of 16.7%.On October 12th, many users reported issues with DeepSeeks chat function, with the page repeatedly displaying "server busy" and "message being generated," preventing normal conversations and sparking heated discussions. DeepSeeks official service status page indicated a "partial interruption" in the chat service, with the official team investigating the cause. After investigation, the page stated "service restored." However, third-party monitoring platforms showed that the outage began this morning and was still ongoing at the time of writing, primarily affecting the web/app chat service. Affected users are advised to try again later or check the official status page for the latest updates.October 12 - According to the European-Mediterranean Seismological Centre, a 5.8-magnitude earthquake struck 277 kilometers north of Nukualofa, Tonga, at 17:38 local time on October 12. The epicenter was located at 18.6587 degrees south latitude and 174.9616 degrees west longitude, with a focal depth of 190 kilometers.

Introduction of Oil

LEO

Oct 25, 2021 13:27

Introduction of Oil 


Oil is one of the most actively traded commodities in the world，it also knows as 'petroleum or crude oil' or more popularly known as 'Black Gold' in the modern world. Generally speaking, price fluctuation of crude oil is closely related to political events and the economy. 


The crude oil market is significantly larger than that for any other commodity, both in terms of physical production and financial market activity.


The main crude oil trading contracts in the world are West Texas Intermediate (WTI) futures, Brent Crude futures, and Dubai Crude futures.


WTI futures contracts are traded on the New York Mercantile Exchange (NYMEX), which is owned by the Chicago Mercantile Group (CME). WTI futures contracts are deliverable in Cushing, Oklahoma. Cushing is a transshipment point with intersecting pipelines and storage facilities with easy access to refiners and suppliers.


Brent Crude futures contracts are traded on the Intercontinental Exchange (ICE) in London.



Dubai Crude is a medium sour crude oil extracted from Dubai. Dubai Crude futures contracts Singapore Exchange.


Other types of petroleum futures include heating oil, fuel oil, gasoline, light diesel, etc.


Many factors affect crude oil prices, such as crude oil supply and demand, political factors, the dollar index, and other energy trends.


There are three main ways of speculating on oil price movement: futures and options, CFD trading, or investing via equities and ETFs.


Buy futures and options


To trade futures and options, investors need to use the right exchange for the oil benchmark you wish to trade. Most exchanges have criteria for who is allowed trade on them, so professionals undertake the majority of futures speculation instead of individuals. If you want to trade options, you’ll need an options broker.


Trade via CFDs

CFDs enable investors to trade on the changing prices of futures and options without buying and selling the contracts themselves. And instead of trading on a commodities exchange, investors create an account with a leveraged provider. 


Oil investment

Instead of trading individual markets, you can get exposure to oil via the shares of oil companies and oil exchange-traded funds (ETFs). The prices of oil companies are heavily influenced by the price of oil, and can sometimes offer good value compared to trading oil itself. Investors can use ETFs to invest in oil benchmarks or a basket of oil stocks.


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