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When it comes to trading the global oil markets, volatility is a key characteristic. Oil prices can be affected by a variety of factors, including geopolitical tensions, extreme weather conditions, natural disasters, and supply and demand imbalances. These factors can cause sudden and significant price swings, making the oil markets highly volatile for going short or long, depending on the trader's strategy.

Traders who can accurately predict these price movements might potentially make significant profits, but they also face a risk management challenges. It's important to have a solid risk management strategy in place when trading oil, including stop-loss orders, carrying out research, and staying informed of the latest news in oil-producing countries.

Many traders use technical analysis to help identify trends and potential price movements in the oil markets. However, it's important to remember that past performance is not always indicative of future results, and unexpected events can still cause sudden price changes. Trading the global oil markets requires a combination of knowledge, skill, and discipline to navigate the volatility and potentially capitalize on market opportunities.