Commodities traders who deal typically and track down market movements in the company and make quick decisions whether to purchase or sell. Their decision-making is usually based upon the smallest market movement.
Typical daily activities of commodities traders include monitoring the world market industry and following financial news taken from various agencies like Bloomberg and Reuters. They are responsible in conducting trades , collecting information regarding oil and commodities assets and communicating the most significant trades to relevant parties and agreeing prices according to relevant products.
Oil and commodities traders communicate and meet with their superiors along with their contracting companies to provide them with updates on the regular operations. They adhere to the norms of the environmental and policies of the government so as to maintain an ecological balance. They also manage the take down and set up of rigs, coordinate between various rig crews, assist in transporting and taking service rigs, drillings and service equipments.