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Crude Oil Prices

Useful Information about Oil prices and Oil trading


References to Oil prices are usually references to the spot price of either WTI/Light Crude as traded on the New York Mercantile Exchange (NYMEX), or the price of Brent as traded on the Intercontinental Exchange (ICE, which the International Petroleum Exchange has been incorporated into)

Individuals can now trade crude oil through online trading sites, or with their banks through structured products indexed on the Commodities markets.

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A popular way for residents of most Countries outside the U.S.A is to now "spreadbet" the price of Crude Oil.You can bet up or down against the price and profit from the differance when you decide to close. Financial Spread Betting can still carry high risk to your capital but unlike CFD's you can place very small bets and progress as your confidence grows. Many UK companies allow you to spreadbet on the price of Crude Oil. You can often try their free demo accounts to get a feel for their platform.

However be aware that the risk involved with trading CFD's or Spreadbetting is very high, and you must be advised to try out your Oil Trading strategies in a demo account until you are completely satisfied you are consistantly making money.

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