Question: What is the trading conditions of US and UK Oils on MT4?
Energy trading is when you trade crude oil, natural gas, heating oil, ethanol and purified terephthalic acid.
It involves the act of buying, selling and moving of bulk energies from where it is produced to where it is needed.
Instrument | Size | Margin Required For 1.0 Lot | Min Lot Size | Pip Value Per 1.0 Lot | Avg. spread ECN (will fluctuate) | GMT | EST | Meta time | Future Contract Months |
---|---|---|---|---|---|---|---|---|---|
USOIL | 1000 barrels | USD1,000.00 | 0.01 | .01 = USD10 | 2 | 22:00-21:00 M-T, 22:00-20:45 F | 18:00-17:00 M-T, 18:00-16:45 F | 01:00-24:00 M-T, 01:00-23:45 F | All Months |
UKOIL | 1000 barrels | USD1,000.00 | 0.01 | .01 = USD10 | 2 | 00:00-21:00 M-T, 00:00-20:45 F | 18:00-17:00 M-T, 18:00-16:45 F | 03:00-24:00 M-T, 03:00-23:45 F | All Months |
USOIL.sp* | 1000 barrels | USD1,000.00 | 0.01 | .01 = USD10 | 4 | 22:00-21:00 M-T, 22:00-20:45 F | 18:00-17:00 M-T, 18:00-16:45 F | 01:00-24:00 M-T, 01:00-23:45 F | |
UKOIL.sp* | 1000 barrels | USD1,000.00 | 0.01 | .01 = USD10 | 5 | 00:00-21:00 M-T, 00:00-20:45 F | 20:00-17:00 M-T, 18:00-16:45 F | 03:00-24:00 M-T, 03:00-23:45 F |
*For Spot Oil (WTI & Brent) there is a daily storage fee which will be charged to all Swap and Swap-Free accounts.
Both USOil and UKOil have Future Contract Expiration date every month.