November 28, 2024 03:44 PM
Oil trading
Trade US and UK Crude markets on an award-winning platform with integrated market news and analysis.
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Range of markets
Access over 20 different commodities markets, including gold and silver.
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Competitive pricing
Trade with ultra-tight spreads from just 0.06pts on commodity markets
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Ways to trade
Speculate on commodities as futures contracts, options or on spot price
Oil explained
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Go long or short
Profit from falling as well as rising oil prices when you place a CFD trade or spread bet. -
No commissions
Trade oil markets commission-free and trade with margin from just 10% on selected commodities. -
Trade on leverage
Take advantage of leveraged trading to speculate on oil with no need to own the underlying asset.
Live pricing
Oil news and analysis
Latest research
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Our performance in numbers
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*StoneX retail trading live and demo accounts globally in the last 2 years.
Ways to trade oil
Oil spread betting
Oil CFDs
Best for
Tax-free trading in UK*
Hedging
Trade type
£ per point
Buy/sell CFDs
Tax
No UK Capital Gains Tax (CGT)
or Stamp Duty*
No UK Stamp Duty. You do pay UK CGT but losses can be offset against tax*
Trade on
Global indices, FX, shares, commodities and more
Global indices, FX, shares, commodities and more
Commission
Commission-free
Share CFDs only
Platforms
Web, mobile and advanced platforms
Web, mobile and advanced platforms
Mobile trading app
Seize trading opportunities with our most easy-to-use mobile app to date, with simple one-swipe dealing, advanced charting, and seamless execution. Available on Android and iOS.
TradingView charts
Complete with one-swipe trading, custom indicators, alerts and drawing tools.
Trading Central
Harness the power of technical analysis and access real-time trade ideas on our most popular markets.
Performance Analytics
Gain deeper insight into your trading and discover how you could improve your performance.
How to trade oil with City Index
Whether you’re a new or experienced trader, it’s easy to open an account with City Index. All you have to do is complete our short, secure online form and you could be up and running on the live markets in minutes.
If you think an oil market like US Crude is going to go up in value, you go long or ‘buy’. If you think US Crude is going to go down in value, you short or ‘sell’ it. Ready to start trading now? Get started with your application.
How to start trading oil
Oil trading is the act of buying and selling oil to make a profit – whether this is exchanging the physical commodity or speculating on its market price.
What moves the price of oil?
Global oil prices are determined by the forces of supply and demand, according to the model of price determination in microeconomics.
How to trade commodities
Discover everything you need to know about commodity markets, such as gold, oil and natural gas, including both hard and soft commodities.
Oil trading FAQ
What are the margin requirements for oil?
The margin requirement for City Index’s oil markets – including US Crude and UK Crude – is 10%. That means you’ll need 10% of your position’s total value in your account in order to open a trade.
Say, for example, that you want to buy three UK Crude CFDs at $8653. Your total position is worth (8653 * 3) $25,959, so you’ll need $2,595 in your account as margin. The City Index will automatically convert that figure into your base currency, and display it on the deal ticket, so you’ll always know how much you need to make a trade.
You can find margin requirements for every market we offer in the City Index platform, which you can access with a free demo account.
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What's the best way to trade oil?
The best way to trade oil all depends on your individual goals, style and strategy. There are numerous ways to take your position on oil prices, and each brings its own unique benefits and drawbacks.
Most global oil trading takes place on futures markets. These financial derivatives facilitate the buying and selling of oil using contracts in which you trade oil at a set price on a set future date.
While retail traders can participate in the oil futures market, many choose to trade on futures prices using CFDs and spread bets instead. These products enable you to take a position on oil markets without ever owning the underlying asset itself.
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What is an oil benchmark?
An oil benchmark is a crude oil market that acts as a reference point for the prices of oil drilled around the world. The two best known oil benchmarks are US Crude (otherwise known as WTI) or UK Crude (known as Brent Crude).
Beyond these two headline markets, there are dozens of oil benchmarks that are used around the world. They help facilitate oil trading by acting as a guideline for the different varieties and grades of oil that are produced.
Different oil benchmarks will trade at different prices, according to the lightness and sweetness of the oil they represent. They will, however, tend to move in parallel – so if Brent Crude is moving up, chances are WTI will be up too.
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If you have more questions visit the FAQ section or start a chat with our support.