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When did oil become a traded commodity?

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10th Mar 2012 by see3ducks - United States Specific

Then why has the public just been hearing about it over the past few years? Why didn't it effect us in 1964 for example?

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4th Feb 2010 by Daniel Cross, ChFC

John D. Rockefeller and Standard Oil started selling certificates against the oil they had creating the first oil futures market. In 1882, the National Petroleum Exchange was opened, officially making oil a traded commodity.

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9th Nov 2009 In Commodities 2 Answers | 2915 Views
Subjects: commodity, oil,

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