Commodity Cash
09/14/2017 |
The global oil market, based solely on the value of oil produced and thus excluding options, futures and the like, is $1.7 trillion/year, more than all other raw material markets combined. Gold is next at $170 billion/year, one-tenth the size of oil. Not too far behind is iron ore at $115 billion/year. Rounding out the top five raw materials are copper at $91 billion/year and aluminum at $90 billion/year.