How much does an Oil Broker make in Madison, WI? The salary range for an Oil Broker job is from $51,559 to $65,048 per year in Madison, WI. Click on the filter to check out Oil Broker job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.
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.
December 16, 2021
Oil brokers must monitor refinery production to see if regulatory, technical, or meteorological factors will affect oil supplies.
November 25, 2021
The oil broker is an intermediary who arranges transactions involving the buying and selling of crude oil.
November 25, 2021
Apart from broker regulation, other factors to consider include the stance of regulators on the leverage and margin requirements for the trading of crude oil contracts.
November 23, 2021
There are no formal education requirements for oil brokers, but having a good understanding of mathematics and finance can help.
November 18, 2021