For centuries, crude oil, also known as “black gold”, is often used by speculators to assess the health of the world economy.
Crude oil futures are abbreviated as OilFut, which is the most important oil futures. OilFut is the abbreviation of “Oil Futures”, and there are four important crude oil futures contracts in the world:
The light sweet crude oil of the New York Mercantile Exchange (NYMEX) is “West Texas Intermediate Oil” futures contract;
High-sulfur crude oil futures contract on the Dubai Commodity Exchange;
Brent crude oil futures contract on the London International Petroleum Exchange (IPE);
Dubai Acid Crude Oil Futures Contract of the Singapore Exchange (SGX).
Gasoline is a transparent petroleum processing fuel originally used in internal combustion engines. It is mainly composed of an organic compound mixed with some additives to form gasoline.
Mainly traded on the Chicago Mercantile Exchange, priced at US$ per gallon.
Gas is a naturally occurring chemical fuel that is now commonly used in cooking and power generation. Natural gas is traded on the New York Mercantile Exchange as a futures contract with a value of $100,000 per contract. Natural gas contracts are increasingly welcomed by diversified assets and pension funds to diversify their portfolios.
Thermal fuel is a low viscosity liquefied petroleum product used as a fuel. Its name derives from its most common use in construction and home heating. The hot fuel futures contract trades at 1,000 barrels and is traded on the Chicago Mercantile Exchange with reference to New York Harbor settlements.
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Select the appropriate deposit method to deposit funds into your account.
Download the MT5 platform and log in to the platform to start trading.
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