Crude oil market While the global economy depends on many commodities, none of them can match the size of the crude oil market. In addition to being the main source of energy for transportation, oil is a key raw material for many other industries such as plastics, fertilizers, cosmetics and medicine. As a result, the global market for physical oil is astronomical in size and exerts significant economic and geopolitical influence, with several countries dominating global oil production. The above infographic gives an idea of ​​the size of the crude oil market by comparing...