Brass River In 2005 the Nigerian Agip Oil Company (NAOC) was producing oil from 146 wells, and operated an export terminal at Brass River. Brass River Crude Oil is a sweet medium light crude. In the 17th and 18th centuries the Portuguese controlled the Brass River, which was closed to British traders and was an outlet for shipping slaves to the Americas. The town of Brass was inaccessible, reached only via the creeks. After 1807 the British began trying to suppress the slave trade. Don Pablo Frexas, in alliance with the chiefs of Brass and Bonny, was the main organizer of the
Commodity market Commodity market A commodity market is a market that trades in primary economic sector rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple