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Frequently Asked Questions

What is Bloomberg commodity index?

The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Indexes.

What is Bloomberg Financial Report?

Bloomberg is a major global provider of 24-hour financial news and information, including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports.

What are oil futures?

Oil futures are derivative securities that give the holder the right to purchase oil at a specified price (similar to how stock options work). If you exercise your future by the settlement date, you can purchase oil (crude oil futures trade in units of 1,000 barrels) at the price stated in the futures contract.

What is oil price forecast?

The EIA forecast that Brent crude oil prices will average $68/b in the third quarter of 2021 and $60/b in 2022. Prices are increasing due to higher demand as more people are vaccinated against COVID-19. OPEC is beginning to increase production after limiting it due to decreased demand for oil during the pandemic.


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