What is paper crude oil? - Trademark Inquiry Complete Network

What is paper crude oil?

Paper crude oil is a kind of personal voucher crude oil. Investors buy and sell "virtual" crude oil on the books according to the bank quotation. Individuals operate by grasping the trend of international oil prices and earn the fluctuation difference of crude oil prices.

Paper crude oil will be denominated in US dollars, and the investment targets are WTI crude oil futures and Brent crude oil futures market's monthly and bimonthly contracts. However, unlike the rule that paper gold and paper silver can be cut in kind, paper crude oil products will not be cut in kind, but in cash.

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