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- Oil Commodity Trading
- Trade with Leverage– Spot WTI Crude Oil and Spot Brent Crude Oil are traded on margin, so you can choose the leverage that suits you up to a maximum of 30:1*. This will allow a trader to open a much larger position with minimum investment.
- Competitive Spreads – we have tight spreads on our full range of commodities
- Trade on Powerful MT4 Platform – GO Markets offers both the powerful MetaTrader 4 as desktop and mobile trading platform options for traders to utilise. We provide these widely regarded platforms due to the efficient and high-quality trading opportunities they offer to traders at all levels.
- Lower Trading Cost– Trading Oil attract a much lower cost compared to other instruments, keeping your commodity trading costs down
- Trading Tools – using our mobile trading platforms, you can trade commodities across your favourite mobile devices.
- Trade Long and Short – Take advantage of our wide range of premium trading tools and get an edge in the markets. Traders get exclusive access to this great collection of signals and plugins.
- Key factors influencing Crude Oil CFD trading
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Supply and Demand
Oil prices are heavily depended on supply and demand. Prices will rise in line with and fall as supply rises.Political and Economic Uncertainty
In times of economic and political instability, precious metals are traditionally viewed as safe havens due to their lasting value. War, geopolitical instability and natural disasters can lead to an unprecedented demand for precious metals.Strength of the Dollar
Oil is bought and sold in US dollars. If the dollar becomes stronger, for example, the price of oil will tend to drop ; whereas, if the dollar is weak then prices of crude oil will tend to rise. - Crude Oil you can trade with GO Markets
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Below are the Crude Oil instruments you can trade as CFDs via our MetaTrader 4 trading platforms:
Instrument Symbol Spread Lot Size Trading Hours (Platform time) Spot WTI Crude Oil USO/USD Variable 100 Barrels 01:00-24:00 Spot Brent Crude Oil UKO/USD Variable 100 Barrels 03:00-24:00
Oil Commodity Trading
Crude oil is the world economy’s primary and most valuable energy source, making it a hugely popular commodity amongst traders. Being the largest of the global commodity market, a minor supply disruption can increase oil prices, whereas, excess supply will drop prices.
Susceptible to geopolitical, economic instability, natural disasters, crude oil trading offers traders excellent opportunities to profit in nearly all market conditions.
Benefits of Trading Crude Oil with GO Markets
*The effect of leverage is that both gains and losses are magnified. You should only trade if you can afford to carry these risks.
Start trading Crude Oil CFD with GO Markets
1. Confirm your identity
In just minutes we can verify your identity and create your account.
2. Fund account
Deposit via debit card or bank transfer to start trading
3. Place your trade
Take a position in your choice of instrument.
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