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- CFD trading
- CFD trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
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- Indices
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- Cryptocurrencies
- Treasuries
- ETFs
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- Compare our accounts
- Our spreads
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- Open CFD account
- Try free demo
- Platforms
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- Platforms overview
- MetaTrader 4
- MetaTrader 5
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Share trading
- Share trading
- Invest in shares
- Invest in shares
- Trade ASX shares and ETFs
- Share trading platform
- Log into share trading
- Open share trading account
- Help centre
- Downloads
- Downloads
- Android app
- iOS app
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
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- About GO Markets
- Our awards
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- Oil Commodity Trading
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- Oil Commodity Trading
- Trade with Leverage– Spot WTI Crude Oil and Spot Brent Crude Oil are traded on margin, so you can choose the leverage that suits you up to a maximum of 30:1*. This will allow a trader to open a much larger position with minimum investment.
- Competitive Spreads – we have tight spreads on our full range of commodities
- Trade on Powerful MT4 and MT5 Platforms – GO Markets offers both the powerful MetaTrader 4 and MetaTrader 5 as desktop and mobile trading platform options for traders to utilise. We provide these widely regarded platforms due to the efficient and high-quality trading opportunities they offer to traders at all levels.
- Lower Trading Cost– Trading Oil attract a much lower cost compared to other instruments, keeping your commodity trading costs down
- Trading Tools – using our mobile trading platforms, you can trade commodities across your favourite mobile devices.
- Trade Long and Short – Take advantage of our wide range of premium trading tools and get an edge in the markets. Traders get exclusive access to this great collection of signals and plugins.
- Key factors influencing Crude Oil CFD trading
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Supply and Demand
Oil prices are heavily depended on supply and demand. Prices will rise in line with and fall as supply rises.Political and Economic Uncertainty
In times of economic and political instability, precious metals are traditionally viewed as safe havens due to their lasting value. War, geopolitical instability and natural disasters can lead to an unprecedented demand for precious metals.Strength of the Dollar
Oil is bought and sold in US dollars. If the dollar becomes stronger, for example, the price of oil will tend to drop ; whereas, if the dollar is weak then prices of crude oil will tend to rise. - Crude Oil you can trade with GO Markets
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Below are the Crude Oil instruments you can trade as CFDs via our MetaTrader 4 & MetaTrader 5 trading platforms:
Instrument Symbol Spread Lot Size Trading Hours (Platform time) Spot WTI Crude Oil USO/USD Variable 100 Barrels 01:00-24:00 Spot Brent Crude Oil UKO/USD Variable 100 Barrels 03:00-24:00
Oil Commodity Trading
Crude oil is the world economy’s primary and most valuable energy source, making it a hugely popular commodity amongst traders. Being the largest of the global commodity market, a minor supply disruption can increase oil prices, whereas, excess supply will drop prices. Susceptible to geopolitical, economic instability, natural disasters, crude oil trading offers traders excellent opportunities to profit in nearly all market conditions.
Oil Commodity Trading
Crude oil is the world economy’s primary and most valuable energy source, making it a hugely popular commodity amongst traders. Being the largest of the global commodity market, a minor supply disruption can increase oil prices, whereas, excess supply will drop prices. Susceptible to geopolitical, economic instability, natural disasters, crude oil trading offers traders excellent opportunities to profit in nearly all market conditions.
Benefits of Trading Crude Oil with GO Markets
*The effect of leverage is that both gains and losses are magnified. You should only trade if you can afford to carry these risks.
Trading Oil CFDs
Trading oil Contracts for Difference (CFDs) is a popular way for traders to speculate on the price movements of crude oil without actually owning the underlying asset. CFDs are derivatives products that allow traders to open long or short positions on a range of markets, including commodities, indices, and currencies.
What are oil CFDs?
Oil CFDs are contracts that allow traders to speculate on the price movements of crude oil. The contract reflects the price of a barrel of oil and the difference between the opening and closing price of the contract is settled in cash. This means that traders can profit from both rising and falling prices, depending on their position.
Oil CFDs can be traded on a range of platforms, including online brokers and trading apps. Traders can access a range of oil CFDs, including Brent crude, WTI crude, and natural gas. Each contract reflects a different type of oil and has different characteristics, such as price volatility and liquidity.
Why trade oil CFDs?
There are several reasons why traders choose to trade oil CFDs. Firstly, oil is one of the most traded commodities in the world, and its price movements are closely watched by traders and investors. This makes it a popular market to trade, with a range of opportunities for profit.
Secondly, oil prices are influenced by a range of factors, including supply and demand, geopolitical tensions, and economic data. This means that oil prices can be volatile, creating opportunities for traders to profit from price movements.
Thirdly, oil CFDs can be traded with leverage. This means that traders can open positions that are larger than their account balance, allowing them to increase their potential profits. However, leverage also increases the risk of losses, so it should be used with caution.
How to trade oil CFDs?
Traders should conduct research on the market, including the factors that influence oil prices and the historical price movements of the market. This will help them to identify potential trading opportunities and develop a trading strategy.
Traders can then open a long or short position on the market. If they believe that the price of oil will rise, they can open a long position, and if they believe that the price of oil will fall, they can open a short position. Traders can set stop-loss and take-profit orders to manage their risk and lock in profits.
Risks of trading oil CFDs
While trading oil CFDs can be profitable, it also carries a high level of risk. Oil prices can be volatile, and unexpected events can cause sudden price movements. Additionally, trading with leverage can magnify losses, which can exceed the trader’s account balance.
To manage their risk, traders should always consider using risk management tools such as stop-loss orders, take-profit orders, and limit orders to minimise potential losses and lock in profits.
Start trading Crude Oil CFD with GO Markets
1. Confirm your identity
In just minutes we can verify your identity and create your account.
2. Fund account
Deposit via debit card or bank transfer to start trading
3. Place your trade
Take a position in your choice of instrument.
More than just Oil
Diversify your portfolio with the wide range of CFDs from GO Markets. Trade Forex, Indices, Shares, Commodities like gold and silver, and much more. Follow the links below to learn more about our other products.
Ready to start trading? Open an account, or try our Free Demo.Please share your location to continue.
Check our help guide for more info.