CFDs are financial derivatives gives you access into various markets without buying or selling the underlying assets. Energy CFD trading allows traders to trade on the price movements of the performance of certain commodities. Buying or selling a single oil CFD is the equivalent of trading a single oil future, i.e. buying 1000 barrels in the underlying WTI or BRT market.
Crude oil is a form of petroleum that can be refined into various products to power the global economy. The different oil types are referred to as benchmarks, and all signify a specific drilling location and quality of product. The highest quality of oil tends to be low in sulphur (referred to as ‘sweet’ by oil traders) and low in density (referred to as ‘light’). The three major benchmarks are Brent crude, WTI, and Dubai/Oman.
Brent Oil (BRTUSD)
Brent Crude Oil is a light sweet low-sulphur crude oil refined in the North Sea of Northwest Europe. Brent is a leading global price benchmark for Atlantic basin crude oils and is used to price two thirds of the world’s supplies. Brent Oil is traded on the European Intercontinental Exchange in the forms of a future contract.
West Texas Intermediate (WTIUSD)
WTI (West Texas Intermediate) is a medium-sized crude oil taken from the wells in West Texas. WTI crude oil futures contract has good liquidity and high price transparency. WTI is one of the three benchmark prices in the world crude oil market, and is the benchmark of all oil in the United States.
WHY TRADE CRUDE OIL CFDS with BYFX GLOBAL
Crude oil is widely used and actively traded. Buying or selling a single oil CFD is the equivalent of trading a single oil future, i.e. buying 1000 barrels in the underlying WTI or BRT market.
Energy commodity has been subject to regular and substantial price movements. Oil price volatility results in significant trade opportunities for traders.
BYFX Global offers flexible leverage for traders to maximize the impact of their trades.
As a hard asset with low correlation to stocks and bonds, energy investments could diversify your assets and enrich your investment portfolio.
|TRADING SYMBOL||UNDERLYING INDEX||DENOMINATION||Contract size per lot||MINIMUM/ MAXIMUM CONTRACT SIZE (LOTS)||Spreads
(Low Spread/ ECN Account)
|BRTUSD||Brent Crude Oil||USD||1000 barrels of oil||0.01 / 10||48/40||Mon 06:35 – Sat 04:00 (Summertime)
Mon 07:35 – Sat 05:00 (Wintertime)
|WTIUSD||West Texas Intermediate Crude Oil||USD||1000 barrels of oil||0.01 / 10||43/35||Mon 08:55 – Sat 04:00 (Summertime)
Mon 09:55 – Sat 05:00 (Wintertime)
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