Tuesday, December 6, 2022

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how to become an oil broker

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People also ask:

How much money do oil brokers make?
The salaries of Oil Brokers in the US range from $19,391 to $521,331 , with a median salary of $93,710 . The middle 57% of Oil Brokers makes between $93,710 and $235,771, with the top 86% making $521,331.
How does an oil broker make money?
Like other securities traders, an oil broker is paid on commission. ... These brokers use their knowledge of the industry to try and make money by buying and quickly selling barrels of oil without ever having to take possession of the commodity.
How do you become an oil trader?
Most individuals employed as an oil trader have a college degree in finance or business. Some energy companies actively recruit students from major universities to work as traders while other individuals become oil traders after gaining trading experience as stockbrokers or investment sales agents.
What is an oil gas broker?
A mineral, oil and gas broker is a person who is a consultant and broker and makes arrangement to provide investment opportunities in crude oil and gas exploration, drilling, production and fluids management. In the U.S., there are companies specializing in oil and gas investments and drilling low risk prospects.