Brass River Brass River The Brass River is one of the branches of the Nun River, which in turn is a branch of the Niger River, in the Niger Delta in Nigeria. In the 19th century the river was an important trading route, first for slaves and later for palm oil. Brass River Crude Oil is named for a refinery on the river. The name "Brass" is European, said to have been given to the Nembe coastal villages because they traded for brass pans and neptunes to use for salt boiling. The "Brass Ijo" were all the Ijaw people from Cape Formosa
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