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Home Markets CommoditiesCrude Oil Future VIP

Trade Crude Oil Future VIP

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.

Expiry Time: 14:30 Eastern Time

Latest commodities articles

Market analysis: WTI turns lower ahead of the OPEC+ meeting

Crude oil prices extend their losses on Thursday. US crude (WTI) has pulled back to $78.50 per barrel, ending the bullish attempt to regain the $80 handle after bouncing from $76 earlier this week.

10:53, 31 May 2024

Brent Retreats Below 200MA Ahead of Key Reports

With OPEC's Oil Market Report set for release on Tuesday and the International Energy Agency's Oil Market Report on Wednesday, volatility looms over crude prices this week. Let's delve into the technical landscape of Brent Crude, the international oil benchmark, as we approach these pivotal reports.

12:54, 13 May 2024

Stack close-up Gold Bars

XAU/USD Latest: Gold struggles to find direction as uncertainty reigns

Gold struggles to find a direction as geopolitical tensions ease and Fed rate cuts become uncertain

09:27, 9 May 2024

Industry oil barrels or chemical drums stacked up

Oil slips back into key range despite surprise US crude inventories drop

US crude prices drop back into a key area of resistance/support even after US inventories drop for the first time in a month

15:41, 24 April 2024

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