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Oil trading
Here, you will find all information necessary for oil trading with InstaForex
Oil trading chart
#cl
74.37 USD
01 Dec 2023 23:59
01 Dec 2023 23:59
Price Change (% chg)
$-0.01
(-0.01%)
(-0.01%)
Prev Close
$75.62
Prev Close
Closing price, the previous day.
Closing price, the previous day.
Open
$77.75
Open
Opening price.
Opening price.
Day's High
$76.74
Day's High
The highest price over the last trading day.
The highest price over the last trading day.
Day's Low
$73.94
Day's Low
The lowest price over the last trading day
The lowest price over the last trading day
52-wk High
$95.02
52-wk High
Price range high in the last 52 weeks
Price range high in the last 52 weeks
52-wk Low
$64.12
52-wk Low
Price range low in the last 52 weeks
Price range low in the last 52 weeks
Indexes/Futures
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.
Instaforex News
*News Of The Day: Japan Jobless Rates Eases To 2.5% In October .* Other News: 1. Oil Futures Settle Sharply Lower 2. Treasuries Move Sharply Higher Following Manufacturing Data, Powell Comments 3. Powell's Dovish Comments Pull Down U.S. Dollar 4. Gold Futures Settle Notably Higher As Dollar Turns Weak 5. Fed Chair Jerome Powell Calls Rate Cut Speculation 'Premature' 6. *Fed Chair Jerome Powell Delivers Remarks At Spelman College 7. U.S. Construction Spending Climbs More Than Expected In October 8. U.S. Manufacturing Index Indicates Continued Contraction In November 9. *ISM U.S. Manufacturing PMI Unchanged At 46.7 In November 10. *U.S. Construction Spending Climbs 0.6% In October
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