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Oil is widely considered to be one of the most profitable trading options. WTI (West Texas Intermediate), also referred to as Texas Light Sweet, is the crude oil grade used to determine oils’ pricing. The WTI contracts are usually sold at the New York Mercantile Exchange. Though WTI was traded at almost the value as OPEC basket and Brent, today it is traded at a much-discounted price compared to Brent Crude Oil.

If you are interested to know about WTI’s historical price data, you can get the same at the Energy Information Administration of the Department of Energy. Brent Crude is the sweet light crude oil’s trading classification that acts as a crucial benchmark price for all oil purchases around the globe.

The Brent Crude is usually derived from the North Sea. It is a mix of Forties Blend, Brent Blend, Ekofisk Crudes (BFOE Quotation), and Oseberg. In the BFOE market, which lasts for 21 days, the trading’s average price is represented by an index. In this, only the published assessments and trades will be considered. The published cargo size comes around 95,000 m3( 600,000 barrels)

In the New York Mercantile Exchange(NYMEX), NGAS is the natural gas futures contract’s pricing point. Here, the OTC swaps are traded on the ICE( Intercontinental Exchange). The future and spot prices set at the Henry Hub are denominated in millions of thermal units ( $/MMBtu). This is considered as the primary price set of the North American natural gas market. The Henry Hub price set is also closely related to the North American burner tip and unregulated wellhead natural gas prices

Oil Contract Specifications

Before you begin trading Oil, ensure that you read through the trading conditions listed below

Symbols

Underlying Market

Spreads*

Margin

Overnight Charges

Trading Hours (GMT)

Break Time

USOil

WTI Oil Futures

4

1%

-0.003%

Sun 22:05 - Fri 20:45

21.00 - 22.00

UKOil

Brent Oil Futures

5

1%

- 0.003%

Mon 02:05 - Fri 20:45

21.00 - 00.00

USOilSpot

WTI Oil Spot

4

1%

No

Sun 22:05 - Fri 20:45

21.00 - 22.00

UKOilSpot

Brent Oil Spot

4

1%

No

Mon 02:05 - Fri 20:45

21.00 - 00.00

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Product Specification

The Product Schedule should be read in its entirety. It sets out the Margin Requirements, fees and charges you will incur when dealing in our Products, the interest that you may pay or receive in respect of your Account balances and other costs you will incur. This Product Schedule describes the various Contract specifications for the Margin FX Contracts (FX) and Contracts-for-Difference (CFDs) that we offer.

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