Crude Oil Spread Betting
Indicative Crude Oil prices from Finspreads:
Click on the tabs to see the various commodities, forex and stock market index prices.
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Crude Oil Price Comparison |
A price comparison table looking at the 'spread size' and minimum stakes for crude oil futures.
| Brent Crude Oil Futures - Spread Size |
4 |
6 |
6 |
6 |
5 |
4 |
4 |
12 |
| Brent Crude Oil Futures - Min Stake |
£1 |
$2 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| US Crude Oil Futures - Spread Size |
4 |
6 |
6 |
6 |
5 |
4 |
4 |
12 |
| US Crude Oil Futures - Min Stake |
£1 |
$2 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
Comparison Notes.
This table is not meant to be inclusive, crude oil spread betting may be available through other companies.
Crude Oil Market Analysis & News
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| 17-May-13 |
[7:34am] After the close of Wall Street, WTI Crude Future (JUN 13) was up $0.7 to $94.98.
The contract was above its 20DMA (@ $93.3) and above its 50DMA (@ $93.46).
Update by 
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| 17-May-13 |
[6:23am] In commodities spread betting, crude oil bucked the recent trend by spending a day in the black.
It was a volatile session during which the market spent early trading at a loss before finishing strongly and closing at $95.13.
Update by Jonathan Sudaria, Market Dealer, 
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| 17-May-13 |
[5:00am] In Asia, crude oil for June delivery is trading 0.2% or $0.16 lower at $95.00 per barrel.
Yesterday, crude oil for June rose 0.9% or $0.86 to $95.16 per barrel, as a rise in US jobless claims and a benign inflation rate bolster prospects that the Fed would not wind down its stimulus measures too soon.
Oil prices also rose, as the dollar weakened against major peers, improving the demand for commodities as an alternative investment.
However, earlier, crude oil prices traded in the red, after the Philadelphia Federal Reserve stated its business conditions index sank to -5.2 from 1.3 in April, increasing worries about the future oil demand.
Update by Ishaq Siddiqi, Market Analyst, 
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| 17-May-13 |
[5:00am] Crude Oil Price Update:
WTI Crude is trading -$0.16 (-0.17%) lower at $95.00 ($/barrel)
Brent Crude is trading -$0.13 (-0.13%) lower at $103.54 ($/barrel)
Update by
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| 17-May-13 |
[4:22am] US Crude oil closed higher on Thursday and the mid-range close sets the stage for a steady opening when Friday's session begins. Stochastics and the RSI are turning bearish signalling that sideways-to-lower prices are possible near-term. If it extends this month's decline, November's low crossing is the next downside target. Closes above the 20 day moving average crossing are needed to confirm that a short-term low has been posted.
Update by 
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| 16-May-13 |
[3:41pm] Oil prices are getting torn between speculation about further stimulus and a weak demand outlook after this afternoon’s disappointing US economic data.
Update by Michael Hewson, Senior Market Analyst, 
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| 16-May-13 |
[7:53am] After the close of Wall Street, WTI Crude Future (JUN 13) was about flat to $94.33.
The contract was above its 20DMA (@ $91.65) and above its 50DMA (@ $93.03).
The US Department of Energy reported that, for the week ended 10 May, crude oil inventories fell 624k barrels compared to the previous week.
Update by
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This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary
For the crude oil market commentary archives see Crude Oil Trading Archive.
Advert:
Crude Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Crude Oil with
Financial Spreads.
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Where Can I Spread Bet on Crude Oil? |
Investors can speculate on both Brent Crude Oil futures and US Crude Oil futures through an account with these spread betting companies:
Live Spread Betting Prices and Charts for Crude Oil |
The live chart and prices below will give readers a helpful look at the crude oil market.
The above is a CFD chart from Plus 500 and normally tracks the front-month oil contract.
Please note that this is a US crude oil chart rather than a Brent crude oil chart. You can use the search option on the chart to get live prices and charts for other commodities like gold and natural gas but, unfortunately, there isn't a chart for Brent.
If you'd like access to live spread betting charts and prices for both US crude and Brent crude, one option is to use a spread betting account. Readers should note that such accounts are subject to credit and status checks.
If you apply for an account and it is approved, you can log in to access the charts and current prices. On most platforms, these are free. Having said that, you might get the occasional newsletter or boring sales phone call from your new broker.
Of course, if you want to trade then, before you start, remember that financial spread betting and contracts for difference do carry a high degree of risk to your capital and you may lose more than your initial deposit.
Professional Level Charts for Crude Oil Trading |
Although the charts differ across the various platforms, to aid your crude oil analysis, the charts usually come with useful features and tools e.g.:
- A host of different intervals e.g. 1 minute, 2 minutes, 30 minutes, 1 hour, 1 month etc.
- Tools for adding features e.g. Fibonacci time zones, fans and arcs
- A variety of display styles e.g. bar charts and candlestick charts
- Overlays and indicators e.g. Bollinger Bands, Moving Averages, Relative Strength Index, True Strength Index etc.
Charts on Financial Spreads also offer advanced features such as:
- BackTesting and Optimisation functions
- Automatic email notifications for when a market hits a pre-determined level
Example crude oil chart on the Financial Spreads platform
The brokers listed below all provide account holders with live prices and charts:
Advert:
Crude Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Crude Oil with
Financial Spreads.
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Where Can I Spread Bet on Crude Oil for Free? |
Investing always involves a degree of risk. Nevertheless, if you would like to open a free Demo Account that lets you practice your financial spread betting, then see Free Demo Account for further details.
When deciding which investment option might work for you, don't forget that in the UK, spread betting is currently exempt from capital gains tax, stamp duty and income tax*.
If you are looking for a free commodities trading platform then you should keep in mind that you can financial spread bet on oil futures without having to pay any brokers' fees or commissions with:
If you want to have a go with a Practice Account where you can get used to spread betting on the crude oil markets, then have a look at:
The above companies offer a free Demo Account which lets users practice trading, review charts and try out new strategies.
How to Spread Bet on Crude Oil? |
As with many global markets, it is possible to spread bet on commodity markets, like Brent Crude Oil and US Crude Oil, to either rise or fall. Readers should note that some platforms refer to 'Brent Crude Oil' as 'UK Crude Oil'.
If we look at Financial Spreads, we can see they are currently showing the Brent Crude Oil November Futures market at $107.56 - $107.60. Therefore, an investor could spread bet on Brent Crude Oil:
 Closing above $107.60, or
 Closing below $107.56
On the settlement date for this 'November' market, 15-Oct-12.
When putting a spread bet on Crude Oil you trade in £x per $0.01. So, should you decide to risk £3 per $0.01 and the Crude Oil market moves $0.31 then that would be a difference to your profits (or losses) of £93. £3 per $0.01 x $0.31 = £93.
Crude Oil Futures Example |
So, if we take the above spread of $107.56 - $107.60 and make the assumptions:
- You have done your analysis of the oil markets, and
- You feel that the Brent Crude Oil market will close above $107.60 by 15-Oct-12
Then you could choose to buy at $107.60 and risk £3 per $0.01.
You gain £3 for every $0.01 that Brent Crude Oil increases higher than $107.60. Nevertheless, you will lose £3 for every $0.01 that the Brent Crude Oil market decreases lower than $107.60.
Looked at another way, should you ‘Buy’ a spread bet, your profits (or losses) are found by taking the difference between the closing price of the market and the opening price you bought the spread at. You then multiply that difference in price by the stake.
With that in mind, if, on the settlement date, the Brent Crude Oil futures market closed at $108.08, then:
Profit / loss = (Closing Price - Opening Price) x stake
Profit / loss = ($108.08 - $107.60) x £3 per $0.01
Profit / loss = $0.48 x £3 per $0.01
Profit / loss = £144 profit
Crude oil spread betting is never straightforward. In the above example, you wanted the futures market to rise. Of course, the futures market might fall.
If Brent Crude Oil decreased and settled lower at $107.18, then you would end up making a loss and losing money on this trade.
Profit / loss = (Closing Price - Opening Price) x stake
Profit / loss = ($107.18 - $107.60) x £3 per $0.01
Profit / loss = -$0.42 x £3 per $0.01
Profit / loss = -£126 loss
Note: Brent Crude Oil November Futures market correct as of 20-Sep-12.
Where Can I Find a Crude Oil Trading Platform/Software? |
Some firms offer trading software/platforms you have to download and install on your computer. However, most offer web-based platforms that allow easier access from home, the office and most other places with internet access.
The companies listed in the above prices and charts section, all offer web-based platforms where you can spread bet on crude oil futures.
Advert:
Crude Oil Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Crude Oil with
Financial Spreads.
|
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Crude Oil Spread Betting' by DB, updated 17-May-13
For related pages also see:
Commodities Spread Betting, updated 17-May-13
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Gold Spread Betting, updated 17-May-13
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Crude Oil Trading, updated 16-May-13
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Platinum Spread Betting, updated 08-May-13
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Commodities Trading News, updated 17-May-13
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