ENERGIES
Advantages of Oil Trading and Energies Trading with FameFX24
High volatility - greater price movement
Trade oil – the most actively traded commodity worldwide
Go short/long according to market moves
Trade on a margin of as low as 5 USD
Tight spreads and NO re-quotes
NO extra fees applicable
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Trade Forex, Individual Stocks, Commodities, Precious Metals, Energies and Equity Indices at FameFx24.
Energies - Spreads / Conditions
| Symbol | Key Information Document | Description | Minimum Price Fluctuation | Value of Minimum Price Fluctuation | Spreads as low as | Value of 1 lot | Min/Max Trade Size | Margin Percentage | Limit and Stop Levels* |
|---|---|---|---|---|---|---|---|---|---|
| OIL | Information | WTI Oil | 0.01 | 1 USD | 0.03 | 100 | 1/280 | 10% | 0 |
| NGAS | Information | Natural Gas | 0.001 | 1 USD | 0.03 | 1,000 | 1/180 | 10% | 0 |
| OILMn | Information | WTI Oil Mini | 0.01 | 0.1 USD | 0.03 | 10 | 1/2800 | 10% | 0 |
| GSOIL | Information | London Gas Oil | 0.01 | 0.04 USD | 1.2 | 4 | 1/200 | 10% | 0 |
| BRENT | Information | Brent Crude Oil | 0.01 | 1 USD | 0.03 | 100 | 1/280 | 10% | 0 |
| Symbol | Description | Server Time | Weekday | Monday Open | Friday Close |
|---|---|---|---|---|---|
| OIL | WTI Oil | GMT +2 | 01:05 – 23:55 | 01:05 | 23:10 |
| NGAS | Natural Gas | GMT +2 | 01:05 – 23:55 | 01:05 | 23:10 |
| OILMn | WTI Oil Mini | GMT +2 | 01:05 – 23:55 | 01:05 | 23:10 |
| GSOIL | London Gas Oil | GMT +2 | 03:05 – 23:55 | 03:05 | 23:10 |
| BRENT | Brent Crude Oil | GMT +2 | 03:05 – 00:55 | 03:05 | 23:10 |
| Description | Symbol | Available Contract | Open Date* | Close Only Date* | Expiry Date* | Contract Months | Contract Expirations** |
|---|---|---|---|---|---|---|---|
| Brent Crude Oil | BRENT | Apr | 2023-01-27 | 2023-02-23 | 2023-02-24 | Monthly | Contract Expirations** |
| London Gas Oil | GSOIL | Feb | 2023-01-06 | 2023-02-07 | 2023-02-08 | Monthly | Contract Expirations** |
| Natural Gas | NGAS | Mar | 2023-01-26 | 2023-02-21 | 2023-02-22 | Monthly | Contract Expirations** |
| WTI Oil | OIL | Mar | 2023-01-18 | 2023-02-16 | 2023-02-17 | Monthly | Contract Expirations** |
| WTI Oil Mini | OILMn | Mar | 2023-01-18 | 2023-02-16 | 2023-02-17 | Monthly | Contract Expirations** |
About Energies
The most typical feature of energy prices is high volatility, which is the result of numerous political and environmental factors that influence it. Many supply and demand factors also affect energy prices, the strongest of which is global economic growth. In times of economic prosperity the demand for energies increases, while a decrease in consumption occurs when economy stagnates.
Beside economic changes, extreme weather conditions can also have a great impact on energies, leading to supply disruptions of crude oil, natural gas, or heating oil. As a result, such conditions can decrease or increase demand for many consumer services related to these energies. Moreover, global energy prices are highly affected by the political instability in some of the world’s biggest natural gas fields.
Oil trading is a globalized, 24-hour market, with its prices in constant motion. This makes it an ideal instrument for day traders who look for fast movements and choose CFDs as the easiest way to trade on oil prices.
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