Energies

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Energies - Spreads / Conditions

Symbol Key Information Document Description Minimum Price
Fluctuation
Value of Minimum Price Fluctuation Spreads
As low as
Value of 1 lot Min/Max Trade Size Margin Percentage Limit and Stop Levels*
OIL Information WTI Oil 0.01000 USD 1 0.04 100 Barrels 1/400 1.5 % 0.1
NGAS Information Natural Gas 0.00100 USD 1 0.035 1000 MMBtu 1/300 3 % 0.07
OILMn Information WTI Oil Mini 0.01000 USD 0.1 0.04 10 Barrels 1/4000 1.5 % 0.1
GSOIL Information London Gas Oil 0.01000 USD 0.04 1.5 4 Tonnes 1/500 3 % 2
BRENT Information Brent Crude Oil 0.01000 USD 1 0.05 100 Barrels 1/400 1.5 % 0.1
Symbol Description Server Time Weekday Monday Open Friday Close
OIL WTI Oil GMT +2 00:05-22:55 00:05 22:10
NGAS Natural Gas GMT +2 00:05-22:55 00:05 22:10
OILMn WTI Oil Mini GMT +2 00:05-22:55 00:05 22:10
GSOIL London Gas Oil GMT +2 02:05-23:55 02:05 22:10
BRENT Brent Crude Oil GMT +2 02:05-23:55 02:05 22:10
Instrument Status Feb
20
Mar
20
Apr
20
May
20
Jun
20
Jul
20
Aug
20
Sep
20
Oct
20
Nov
20
Dec
20
Jan
21
WTI Oil
(OIL)
Open 17/12/19 16/01/20 18/02/20 18/03/20 17/04/20 11/05/20 18/06/20 17/07/20 18/08/20 18/09/20 16/10/20
WTI Oil
(OIL)
Close Only 16/01/20 18/02/20 18/03/20 17/04/20 14/05/20 18/06/20 17/07/20 18/08/20 18/09/20 16/10/20
WTI Oil
(OIL)
Expiry 17/01/20 19/02/20 19/03/20 20/04/20 15/05/20 19/06/20 20/07/20 19/08/20 21/09/20 19/10/20
Natural Gas
(NGAS)
Open 24/12/19 24/01/20 24/02/20 25/03/20 24/04/20 25/05/20 24/06/20 27/07/20 25/08/20 25/09/20 23/10/20
Natural Gas
(NGAS)
Close Only 24/01/20 24/02/20 25/03/20 24/04/20 25/05/20 24/06/20 27/07/20 25/08/20 25/09/20 23/10/20
Natural Gas
(NGAS)
Expiry 27/01/20 25/02/20 26/03/20 27/04/20 26/05/20 25/06/20 28/07/20 26/08/20 28/09/20 26/10/20
WTI Oil Mini
(OILMn)
Open 17/12/19 16/01/20 18/02/20 18/03/20 17/04/20 11/05/20 18/06/20 17/07/20 18/08/20 18/09/20 16/10/20
WTI Oil Mini
(OILMn)
Close Only 16/01/20 18/02/20 18/03/20 17/04/20 14/05/20 18/06/20 17/07/20 18/08/20 18/09/20 16/10/20
WTI Oil Mini
(OILMn)
Expiry 17/01/20 19/02/20 19/03/20 20/04/20 15/05/20 19/06/20 20/07/20 19/08/20 21/09/20 19/10/20
London Gas Oil
(GSOIL)
Open 03/01/20 04/02/20 05/03/20 03/04/20 05/05/20 05/06/20 03/07/20 06/08/20 04/09/20 08/10/20
London Gas Oil
(GSOIL)
Close Only 04/02/20 05/03/20 03/04/20 05/05/20 05/06/20 03/07/20 06/08/20 04/09/20 08/10/20
London Gas Oil
(GSOIL)
Expiry 05/02/20 06/03/20 06/04/20 06/05/20 08/06/20 06/07/20 07/08/20 07/09/20 09/10/20
Brent Crude Oil
(BRENT)
Open 27/11/19 26/12/19 29/01/20 26/02/20 27/03/20 28/04/20 27/05/20 26/06/20 29/07/20 26/08/20 28/09/20 27/10/20
Brent Crude Oil
(BRENT)
Close Only 26/12/19 29/01/20 26/02/20 27/03/20 28/04/20 27/05/20 26/06/20 29/07/20 26/08/20 28/09/20 27/10/20
Brent Crude Oil
(BRENT)
Expiry 27/12/19 30/01/20 27/02/20 30/03/20 29/04/20 28/05/20 29/06/20 30/07/20 27/08/20 29/09/20 28/10/20

* 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%.

Calendar dates are indicative and are subject to change.

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.

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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Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.