Oil is the most heavily traded commodity in the world. Oil futures, oil contracts and oil derivatives dominate the financial markets; it is effectively the lifeblood for every nation’s economy — period. Alternative energy companies as a commodity aren’t even a blip, its current impact practically negligible for financiers.

On Sept. 15, 2022, traders on the New York Mercantile Exchange, the financial institution that sells/trades/buys the most oil (in paper contracts only, never having to take any physical inventory), witnessed the lowest trading price for heating oil futures in over a year – $3.04 a gallon based on New York Harbor.

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