Crude oil is the world economy’s primary and most valuable energy source, making it a hugely popular commodity amongst traders. Being the largest of the global commodity market, a minor supply disruption can increase oil prices, whereas, excess supply will drop prices.
Susceptible to geopolitical, economic instability, natural disasters, crude oil trading offers traders excellent opportunities to profit in nearly all market conditions.
*The effect of leverage is that both gains and losses are magnified. You should only trade if you can afford to carry these risks.
Oil prices are heavily depended on supply and demand. Prices will rise in line with and fall as supply rises.
In times of economic and political instability, precious metals are traditionally viewed as safe havens due to their lasting value. War, geopolitical instability and natural disasters can lead to an unprecedented demand for precious metals.
Oil is bought and sold in US dollars. If the dollar becomes stronger, for example, the price of oil will tend to drop ; whereas, if the dollar is weak then prices of crude oil will tend to rise.
Below are the Crude Oild instruments you can trade as CFDs via our MetaTrader 4 trading platform:
|Instrument||Symbol||Spread||Lot Size||Trading Hours (GMT+2)|
|Spot WTI Crude Oil||USO/USD||Variable||100 Barrels||01:00-24:00|
|Spot Brent Crude Oil||UKO/USD||Variable||100 Barrels||03:00-24:00|