Oil trading
Here you will find all the necessary information for oil trading with InstaForex
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Methods of deposit / withdrawal of funds
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What does the oil price depend on?
You can trade crude oil with InstaForex in the form of CFDs on futures. This means that a lot will not have a fixed volume in barrels, gallons, or liters of the crude. Instead, there will be a fixed margin available in the specification. Beside the price for futures, the specification has three parameters that are important for every trader: the margin, the value and the tick size. Let us have a look at an example.
Let us say you decided to buy #CL (a CFD on crude oil). You can see that the margin is 2,000, i.e. you will commit 2,000 for each open lot. In other words, if your balance is USD 3,000, after a lot is opened, you will only have USD 1,000 of free margin.
Oil trading chart
#cl
65.11 USD
17 May 2021 15:03
17 May 2021 15:03
Price Change (% chg)
$-0.01
(-0.02%)
(-0.02%)
Prev Close
$65.5
Prev Close
Closing price, the previous day.
Closing price, the previous day.
Open
$63.83
Open
Opening price.
Opening price.
Day's High
$65.73
Day's High
The highest price over the last trading day.
The highest price over the last trading day.
Day's Low
$65.04
Day's Low
The lowest price over the last trading day
The lowest price over the last trading day
52-wk High
$67.97
52-wk High
Price range high in the last 52 weeks
Price range high in the last 52 weeks
52-wk Low
$33.64
52-wk Low
Price range low in the last 52 weeks
Price range low in the last 52 weeks
Indexes/Futures
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