Thursday, July 19th 2018

Question

When did oil become a traded commodity?

Interesting Question?   (18)   (29)



Answers (2)

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?

Like This Answer?   (2)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
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.

Like This Answer?   (10)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



9th Nov 2009 In Commodities 2 Answers | 3307 Views

Answer This Question / Give Your Opinion
When did oil become a traded commodity?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
Where to buy luxury houses in Adelaide?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
Where to buy luxury houses in Adelaide?
Unanswered Questions in Commodities
How risky is gold trading?
What are foreign exchange derivatives?
Who are the biggest oil companies in the world?
What are the examples of low density poly ethylene?
How to trade commodities?

Answered Questions in Commodities
How to invest in sugar?
What is crude oil?
What are the advantages of investing in copper?
What is commodity hedging?
What commodities to invest in?
Ask A Question
Get opinions on what you want to know:
Specific to any country?