EC Markets offers OTC investment products across global financial markets.
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.
In general, as the rise in oil prices will increase the cost of travel and transportation, thereby increasing inflationary pressures, personal consumption will usually be stagnant, so the upward trend in oil prices will often weaken economic growth.
| Oil | Dealing Days | Dealing Hours | One Pip Value | Minimum Price Movement | Minimum size | Minimum spread | Retail margin required | Professional margin required |
|---|---|---|---|---|---|---|---|---|
| XTIUSD | Sun-Fri | 01:00-22:00 | 10USD | 0.01 | 0.01 lot | 0.08* | 10% | 2% |
| XBRUSD | Mon-Fri | 01:00-22:00 | 10USD | 0.01 | 0.01 lot | 0.05* | 10% | 2% |
*Represents the lowest possible spread
Professional clients are charged commissions starting from 7$/€/£ per 1 lot and spreads from 0.0pips
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