Crude Oil Spread Betting
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Welcome to Clean Financial's guide to Crude Oil spread betting.
Quick and simple answers to the common Crude Oil questions:
Q) Where can I Spread Bet on Crude Oil?
Q) Where can I Trade Crude Oil for Free?
Q) How to Spread Bet on Crude Oil?
Q) Where can I find Free Real-Time Crude Oil Prices?
Q) Where can I find Free Crude Oil Charts?
Q) Where can I find free Crude Oil Trading News?
Q) Where can I find Crude Oil Technical Analysis?
Q) Where can I find Narrow Crude Oil Spreads?
Q) Where can I find a Free Crude Oil Trading Platform / Software?
Advert:
Crude Oil Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Crude Oil with
Financial Spreads.
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Spread Betting Companies - Crude Oil Spreads Comparison
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| Brent Crude Daily - Spread Size |
5† |
5 |
5† |
4 |
5† |
5† |
5 |
5† |
| Brent Crude Daily - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| Brent Crude Future - Spread Size |
5 |
6 |
5 |
6 |
5 |
5 |
5 |
5 |
| Brent Crude Future - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| US Crude Oil Daily - Spread Size |
5† |
5 |
5† |
4 |
5† |
5† |
6 |
5† |
| US Crude Oil Daily - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
| US Crude Oil Future - Spread Size |
5 |
6 |
5 |
6 |
5 |
5 |
6 |
5 |
| US Crude Oil Future - Min Stake |
£1 |
£1 |
£1 |
£0.5 |
£1 |
£1 |
£1 |
£1 |
Comparison Notes
Crude Oil Spread Betting, 3 February 2012
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $112.07
- WTI Nymex / US Oil (March) closed yesterday at $96.36
Crude Oil Spread Betting, 2 February 2012
Brent was in demand yesterday in line with the equity market rally and the black gold continues to be well supported by geopolitical tensions between Iran and the West.
The improvement in manufacturing data across the board also kept the commodity in demand. This morning Brent crude oil is at $112.20 and support and resistance is seen at $111.00 and $112.80 respectively.
Crude Oil Spread Betting, 1 February 2012
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $110.98
- WTI Nymex / US Oil (March) closed yesterday at $98.48
Crude Oil Spread Betting, 31 January 2012
Concerns over Iran’s nuclear powers were alleviated in yesterday’s session as the International Atomic Energy Agency began its visit to the Middle Eastern nation, showing that they’re not completely closed off to dialogue.
Something else to consider in the day’s decline was risk adverse investors finding safety in the US dollar, which in turn helped drive crude prices lower. At time of writing, Brent is up on the day at $111.62.
Crude Oil Spread Betting, 30 January 2012
Even with a weaker dollar, energy investors couldn’t keep crude oil prices up and instead followed the slumping equity markets.
A slower than projected growth for the US economy, the biggest oil consumer, heightened concerns that demand for black gold could drop and this showed in the trading session.
On the other hand, the 2.8% growth was the fastest in more than 18 months and the US economy is expected to surpass Europe this year which helped limit the losses during the session. Brent is a little softer this morning at $110.90.
Financial Spreads >>
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Crude Oil Spread Betting, 27 January 2012
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $110.79
- WTI Nymex / US Oil (March) closed yesterday at $99.70
Crude Oil Spread Betting, 26 January 2012
The weekly oil inventories report from the US Dept of Energy showed a mixed bag, with crude stockpiles rising higher than estimated yet gasoline inventories dropped against expectations of a rise.
On the back of this, the crude oil spread betting market remained around par until the Feds statement that interest rates were staying low for longer, which caused a slight rally, but only enough to push prices marginally higher. At time of writing, Brent crude trades at $110.41.
Crude Oil Spread Betting, 25 January 2012
Price Update:
- Brent Crude Oil / UK Oil (March) closed yesterday at $110.03
- WTI Nymex / US Oil (March) closed yesterday at $98.95
Crude Oil Spread Betting, 24 January 2012
The main driver for crude oil prices yesterday was the announcement that the European Union will ban Iranian oil imports from July 1st.
This comes in response to Iran’s reluctance to halt its nuclear program and has put the energy sector on red alert. The Middle Eastern nation has threatening to close the Strait of Hormuz which allows around 20% of global crude to be shipped through.
The other factor driving prices higher was the weakening US dollar, meaning that crude looked like a good bargain to potential buyers. Currently, Brent trades up at $110.92.
Crude Oil Spread Betting, 23 January 2012
Alarm bells were ringing on Friday after the International Monetary Fund cut its forecast for this year’s world economic growth. This led investors to believe that demand for energy would plummet, sending the crude oil spread betting market through the floor.
No support was provided by the single currency either as there was no deal reached on the Greek’s debt burden.
At time of writing, Brent crude is up slightly on the day at $110.23 as the EU announces that it will enforce an embargo on Iranian oil from the 1st July.
Financial Spreads >>
"With FinancialSpreads.com you get all the normal
advantages of Spread Betting plus..." >> read
Financial Spreads review.
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The above comments do not constitute investment advice and neither Financial Spreads nor Clean Financial accept any responsibility for any use that may be made of them.
Article provided / approved by Financial Spreads which is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 182110.
Crude Oil Spread Betting Comment by Financial Spreads,
Click here for the latest Market News
Click here for more Crude Oil news
Where can I Spread Bet on Crude Oil?
You can currently spread bet on Brent Crude Oil and US Crude Oil at:
Where can I Trade Crude Oil for Free?
It depends upon what you mean by free. If you're looking for a free Demo Account where you can practice spread trading see below.
Tax Free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
You can also spread bet on Brent Crude Oil, US Crude Oil and other commodities commission free and with no brokers fees at:
Free Demo Account
If you're looking for a free Practice Account / Test Account where you can trial spread betting, including commodities markets like Brent Crude Oil, US Crude (Nymex) then you can you can always try:
Each of the above currently offers a free demo account.
How to Spread Bet on Crude Oil?
As with many markets, you can spread bet on the future value of commodities, like Crude Oil, rising or falling.
At the time of writing the Brent Crude Oil (December) market is $93.75 - $93.80 with FinancialSpreads.com. This market expires on 15-Nov-07.
Therefore you can trade on Brent Crude Oil settling:
- Above $93.80 per barrel by 15-Nov-07, or
- Below $93.75 per barrel by 15-Nov-07
It is important to note that with the Brent Crude market, you trade in £X per tick, where a tick is $0.01 of Crude Oil movement. Eg if your stake was £4 per tick and the Crude Oil price moves $0.08 (8 ticks) then that would be a £32 difference to your profit / loss.
Crude Oil Trading Example
So taking the above spread of $93.75 - $93.80, let’s say you think Crude Oil will finish above $93.80 per barrel on 15-Nov-07.
Therefore you buy at $93.80 for a stake of £2 per tick.
And so let's say that by the closing date the Oil markets settle at $97.82.
If so, your profit/loss is worked out by taking the difference between the settlement value of $97.82 and the value you bought the spread bet at, $93.80, and then multiplying that by the stake per tick.
Profit / loss = (($97.82 - $93.80) / $0.01) x £2 per tick stake.
= ($4.02 / $0.01) x £2 per tick stake.
(ie the price of Crude has increased by $4.02)
= £804 profit.
However if the market did not move as you
Loss = (($91.75 - $93.80) / $0.01) x £2 per tick stake.
= (-$2.05 / $0.01) x £2 per tick stake.
(ie the price of Crude has gone down by $2.05)
= -£410 loss.
Where can I Find Free Live Prices on Crude Oil?
If you want to access quick live market information then you could do worse than opening an account with a firm like Financial Spreads.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
There are also live prices available at:
Where can I Find Free Crude Oil Charts?
As mentioned above, you can get free charts with spread betting companies like Financial Spreads.
You can alter the charts to see market data by the minute, by the hour, by the week etc, plus many other settings to help you analyse the charts.
As you can see the charts show how the market's are not perfect and how you can expect the prices to "gap".
FinancialSpreads.com also have another pretty handy tool in their free Demo account (mentioned above). You can open a Demo account and place demo trades whilst you practice with no risk or cost attached.
Where can I find Free Crude Oil Trading Platforms / Software?
Some of the trading firms offer software / trading platforms you have to download but most offer free web based platforms that allow easier access from home, the office and most other places with Internet Access.
The following also offer free live prices and charts:
Advert:
Crude Oil Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Crude Oil with
Financial Spreads.
|
Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It 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 03-Feb-12
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