Oil Trading Product Schedule
The underlying instrument for USOIL is the light
sweet Crude Oil Futures contract which is traded on the CME . West Texas
Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil
used as a benchmark in oil pricing.
The underlying instrument for UKOIL is Brent
Crude which is traded on the ICE Futures Europe. Brent Crude is a major trading
classification of sweet light crude oil that serves as a major benchmark price
for purchases of oil worldwide. Brent Crude is sourced from the North Sea, and
comprises Brent Blend, Forties Blend, Oseberg and Ekofisk crudes (also known as
the BFOE Quotation). The index represents the average price of trading in the
21 day Brent Blend, Forties, Oseberg, Ekofisk (BFOE) market in the relevant
delivery month as reported and confirmed by the industry media.
USOilSpot represents the current spot price of West
Texas Intermediate (as opposed to the Futures price).
Spot Oil prices are derived from the prices of
various Futures contracts. GoDo uses a method that derives a spot price based
on the real time movements of the front two Futures months.
UKOilSpot represents the current spot price of Brent Crude (as opposed to the Futures price).
Spot Oil prices are derived from the prices of various Futures contracts
NGAS is the pricing point for natural gas futures
contracts on the New York Mercantile Exchange (NYMEX). Spot and future prices
set at Henry Hub are denominated in $/mmbtu (millions of British thermal units)
and are generally seen to be the primary price set for the North American
natural gas market. North American unregulated wellhead and burner tip natural
gas prices are closely correlated to those set at Henry Hub.
