Trade Crude Oil with AFX
- Trade Crude Oil, Gas and other energy based products
- Competitive pricing, tight spreads
- Leverage Products ideal for short or long-term speculation
- Not just Forex, trade commodities
- High Liquidity
- Low Margin requirements
Trading Hours - Crude Oil trading begins each Sunday at 22:00 GMT and closes on Friday at 21 GMT
Price Quotation - Crude Oil trades in barrels and its quoted in dollars and cents per barrel. Trading is in units of 1,000 U.S. barrels
The single most actively traded commodity, and a favorite amongst fund investors. Crude oil is a naturally occurring, toxic, flammable liquid mostly recovered through drilling and pumping of oil from underground wells.
Crude oil is a raw material that is refined and separated and used for a large number of consumer products ranging from gasoline, asphalt, heating oil, diesel fuel to chemical substances used to make plastics and pharmaceuticals. Once processed, demand for these products will influence the price of crude. Prices fluctuate depending on supply and demand conditions in the world.
The Energy Information Administration (EIA) is an effective source of information that provides weekly data on the level of inventories in the U.S. and this also helps determine prices of various products.
Crude oil is an important commodity in the global market and the oil trade has become so fast that investors and funds will move prices on a daily basis. The top three oil producing countries are Saudi Arabia, Russia, and the United States.
Risk Warning: Forex and CFDs are high risk products and losses can exceed your deposits.
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