Trade UKOil spot with us

Join those who have already recognized the best trading conditions

Change 0.23% Raw spread
Low 55.87 High 56.25
Swap Long 1.32 Swap Short -20.35
Min. Contract Size, Lots 0.01 Max. Contract Size, Lots 50
Commission per lot (single side)
CLASSIC $0  PRO $3  VIP $1.5
Leverage up to 1:100
3-day SWAPs Friday Margin requirement 1%
Commodities trading hours and server time
Open Monday 1:05   Close Friday 23:55 GMT+2
Instruments Bid Ask Change
EURUSD SELL BUY 0.30%
GBPUSD SELL BUY 0.31%
USDJPY SELL BUY -0.06%
GBPJPY SELL BUY 0.21%
XAUUSD SELL BUY 0.60%
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About

UKOILspot

Crude oil has remained to be one of the most valuable commodities in the world. There are two major classifications of crude oil; the UK Oil popularly known as Brent Oil and the US Oil also known as West Texas Intermediate. Brent Oil is the international global price benchmark for crude oil. According to ICE Futures, up to two-thirds of the world's oil is priced relative to the ICE Brent. Brent Oil is extracted from oil fields in the North Sea primarily in Brent, Forties, Osberg and Ekofisk fields. The Brent Oil is characterized as being light due to its low density and sweet because of its low sulfur content (approximately 0.37% of sulfur). This variety of crude oil, however, contains more sulfur compounds and costs more than the US oil (WTI), since it costs more to refine. The crude oil market is extremely liquid and fast paced. The biggest factor affecting the Brent oil prices is supply and demand levels. Other factors that are given for the widening divergence between Brent and other index crudes range from dollar currency movements to regional demand variations, politics and market speculations.

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Trade Responsibly:Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.
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