Crude Oil
Engage in trading CFD’s on one of the world’s most prominent commodities, crude oil.
About Crude Oil Trading
Crude oil is a naturally occurring petroleum product commonly used in energy production and manufacturing.
The purchase of crude oil is usually used for refining to produce the diesel, gasoline, fuel oil, jet fuel, plastics, cosmetics, pharmaceuticals and fertilizers that are needed daily. Therefore, its price has a huge impact on the global economy.
The two most commonly traded oil contracts are Brent Crude and West Texas Intermediate. Brent is extracted from the North Sea in both the UK and Norway while WTI is produced is the US, primarily the states of Texas, Oklahoma and North Dakota. Hence why you see some brokers name these CFD contracts as ‘US’ and ‘UK’ Oil.
CFD trading involves a high risk of loss.
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