You are about to be redirected to
www.instaforex.com
The services on this website better suit your location
 
 
Open Account

Oil trading on Forex

Nowadays, crude oil is one of the most popular commodities. Oil futures and CFDs are traded on almost every mercantile exchange.
Register a personal account
Download Trading Platform
Methods of deposit / withdrawal of funds

Oil trading chart

#cl
40.8 USD
20 Oct 2020 09:31
Price Change (% chg)
$0.01
(0.02%)
Prev Close
Prev Close

Closing price, the previous day.
$40.71
Open
Open

Opening price.
$40.69
Day's High
Day's High

The highest price over the last trading day.
$40.81
Day's Low
Day's Low

The lowest price over the last trading day
$40.42
52-wk High
52-wk High

Price range high in the last 52 weeks
$65.63
52-wk Low
52-wk Low

Price range low in the last 52 weeks
$0.01

What factors influence oil prices?

The dynamic of oil prices depends on several factors such as:

  • Macroeconomics. The key factor here is the supply/demand ratio. Oil prices usually rise when the supply is low and the demand is high, and vise versa: crude oil is cheaper when high supply overrides low demand.
  • Geopolitics. The major participants of the oil market are the companies, states and organizations extracting this commodity. One of the most famous is the Organization of Petroleum Exporting Countries, OPEC. The developments in relations between this cartel’s members and non-OPEC states always have a significant impact on oil prices.
  • Trading sentiment. As already mentioned, crude oil futures are quite popular. This asset attracts interest of many market players such as banks, financial institutions, brokerage firms, individual investors, day traders, and others. Therefore, the sentiment prevailing among these players often shapes the oil prices trend.

Instaforex News

*News Of The Day: U.S. Dollar Falls Amid Stimulus, Vaccine Hopes .*  Other News: 1. S&P Maintains Australia's Sovereign Ratings  2. *Swiss Q3 Imports +9.0% On Quarter Vs. -13.0% In Q2  3. *Swiss Q3 Exports +9.9% On Quarter Vs. -12.2% In Q2  4. *Germany Sep Producer Prices Up 0.4% On Month, Consensus -0.1%  5. *Swiss September Watch Exports -12% Y/Y; Jan-Sept Shipments -28.3%  6. *Germany Sep Producer Prices Fall 1% On Year Vs. -1.2% In Aug, Consensus -1.4%  7. Franc Little Changed After Swiss Trade Data  8. Euro Little Changed Following German PPI  9. *Swiss Q3 Trade Surplus CHF 8.165 Bln Vs. CHF 9.565 Bln In Q2  10. Franc Mixed Ahead Of Swiss Trade Data  
Sie verlassen die Webseite www.instaforex.eu der Gesellschaft INSTANT TRADING EU LTD

Können Sie momentan nicht telefonieren?
Dann stellen Sie Ihre Frage im Chat.