CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Crude oil is one of the world's top trading commodities. The majority of the world's crude oil comes from the Middle East and Russia. Its main byproducts are gasoline, diesel fuel and jet fuel. Common uses of crude oil include plastic production, clothing, furniture making, food production and many more. Crude oils differ by name. Their name (for example; Brent, WTI, Bonny Light) serves as a benchmark for buyers and sellers. Oil marked as Brent Crude indicates that oil is light, sweet and not so dense. Western Canadian Selects, vice versa, refers to a heavier type. Dubai Crude means a medium sour oil. Crude oil trades on the major commodities exchanges in the form of contracts. The size of each contract is 42,000 gallons
Settlement is determined by the official settlement price of the NYMEX Crude Oil future on the expiry date shown, adjusted for spread.
Discover how the Federal Reserve's hawkish stance, revised SEP, and delayed inflation targets triggered market volatility, with stocks tumbling, bond yields surging, and a stronger US Dollar reshaping investor outlooks.
Both the Federal Reserve and Bank of England will deliver their updated monetary policies this week, with GBP/USD likely to experience increased momentum.
17:33, 17 December 2024
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