* Min. level for placing pending orders at a current market price.
The margin requirement for CFDs is calculated like this : Lots * Contract Size * Opening Price * Margin Percentage and not based on the leverage of your trading account.
The margin is always 50% when you hedge positions on CFDs and if your margin level is over 100%.
The above spreads/conditions apply to all types of XM trading accounts.
Please note that our Company does not offer automatic rollover for new contracts of financial instruments that have an expiration date.
As trading platforms do not support negative prices on financial instruments, in the unlikely event the price of any energy instrument (OIL, OILMn, BRENT, GSOIL and NGAS) reaches 0, the company will start closing all open positions at the last available price.
Symbol
Description
Server Time
Weekday
Monday Open
Friday Close
OIL
WTI Oil
GMT +3
01:05-23:55
01:05
23:10
NGAS
Natural Gas
GMT +3
01:05-23:55
01:05
23:10
OILMn
WTI Oil Mini
GMT +3
01:05-23:55
01:05
23:10
GSOIL
London Gas Oil
GMT +3
03:05-23:55
03:05
23:10
BRENT
Brent Crude Oil
GMT +3
03:05-00:55
03:05
23:10
Please note that our Company does not offer automatic rollover for new contracts of financial instruments that have an expiration date.
Description
Symbol
Available Contract
Open Date
Close Only Date*
Expiry Date*
Contract Months
Contract Expirations**
Brent Crude Oil
BRENT
Oct
2021-07-27
2021-08-26
2021-08-27
Monthly
Contract Expirations**
Contracts typically expire on the last business day 2 months before the relevant contract month.
London Gas Oil
GSOIL
Aug
2021-07-07
2021-08-05
2021-08-06
Monthly
Contract Expirations**
Contracts typically expire 2 business days before the 14th calendar day of the delivery month.
Natural Gas
NGAS
Sep
2021-07-23
2021-08-24
2021-08-25
Monthly
Contract Expirations**
Contracts typically expire on the 3rd last business day of the month prior to the contract month.
WTI Oil
OIL
Sep
2021-07-16
2021-08-18
2021-08-19
Monthly
Contract Expirations**
Contracts typically expire on the 3rd business day before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is not a business day, trading terminates 4 business days before the 25th calendar day of the month prior to the contract month.
WTI Oil Mini
OILMn
Sep
2021-07-16
2021-08-18
2021-08-19
Monthly
Contract Expirations**
Contracts typically expire on the 3rd business day before the 25th calendar day of the month prior to the contract month. If the 25th calendar day is not a business day, trading terminates 4 business days before the 25th calendar day of the month prior to the contract month.
*The Close Only and Expiry Dates may change as we get closer to the actual date. This is due to the rules set by our liquidity providers governing futures contract rolling, and is based on the liquidity of both the active contract and the next to expire.
**The Expiry Date will vary each month and is based on our liquidity providers’ rolling schedules and the liquidity of the contracts.
Please note that our Company does not offer automatic rollover for new contracts of financial instruments that have an expiration date.
About Energies
The most typical feature of energy prices is high volatility, which is the result of numerous political and environmental factors that influence it. Many supply and demand factors also affect energy prices, the strongest of which is global economic growth. In times of economic prosperity the demand for energies increases, while a decrease in consumption occurs when economy stagnates.
Beside economic changes, extreme weather conditions can also have a great impact on energies, leading to supply disruptions of crude oil, natural gas, or heating oil. As a result, such conditions can decrease or increase demand for many consumer services related to these energies. Moreover, global energy prices are highly affected by the political instability in some of the world’s biggest natural gas fields.
Oil trading is a globalized, 24-hour market, with its prices in constant motion. This makes it an ideal instrument for day traders who look for fast movements and choose CFDs as the easiest way to trade on oil prices.
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