Crude Oil
Brent crude oil (BRENT-IPE)
West Texas Crude (WTI-NYMEX)
Why invest in crude oil?
Crude oil investment is a hot investment that has emerged internationally in recent years, which is inseparable from its own advantages:
Industrial blood: Crude oil has superior physical and chemical properties. In addition to energy attributes, its industrial attributes are widely used in allergic economy and various fields. It is an important material basis for promoting allergic economy and industrial modernization. Modern work cannot do without oil, just as the human body cannot do without blood. Therefore, oil Known as “the blood of industry”.
Strategic position: After World War II, the control of crude oil by the United States facilitated the consolidation of the United States’ position in the world’s political and economic structure, and was an important booster for the United States on the road to establish world hegemony. With the rapid development of industry, the world is facing the dual pressure of economic development and energy shortage. Energy shortage has become a worldwide problem, and crude oil is no longer a commodity in the general sense. It plays a decisive role in the global political structure, economic status and military situation.
Large trading volume: At present, the main global oil trading markets are: Northwest Europe, the Mediterranean, the Caribbean, Singapore, and the United States. There are five markets in total. Due to the global economic development and increasing energy demand, crude oil has long been regarded as one of the commodities. Wang, recognized as the world’s most traded commodity.
Looking back at history, the several large fluctuations in crude oil prices have risen and fallen very wide, casting a profit myth again and again, which is highly sought after by investors.
It is precisely because of the above factors that crude oil investment has become a hot investment product that has emerged in the world in recent years.
Introduction to the New York Mercantile Exchange
The following is the “US Crude Oil” (futures) product trading rules:
New York crude oil | |
Transaction code | USOIL(MMMYY) MMM Representative month/YY
Representative year USOILJLY16 Represents U.S. crude oil (futures) in July 2016 |
Related securities | New York Mercantile Exchange’s current month light crude oil futures |
Standard trading contract | 1,000 barrels/hand |
Target bid-ask spread | 0.05 |
Maximum unit per transaction | 20 |
Margin ** | USD 1000 / lot |
Trading time (local trading market time) | Monday to Friday: 09:15 – 12:00 ; 13:00 – 16:30 ; |
Trading hours | Trading hours are based on Beijing time,
and winter and summer time are divided according to the
Eastern Time Zone of the United States: Beijing time: Summer time: Monday morning 06:00 to Saturday morning 04:00 Winter time: Monday morning 07:00 to Saturday morning 05:00 U.S Summer time:From 02:00 on the second Sunday in March to 02:00 on the first Sunday in November Winter time:From 02:00 on the first Sunday in November to 02:00 on the second Sunday in March of the following year |
Daily suspension time | Summer time 05:00-06:00 Beijing time Winter time 06:00-07:00 Beijing time |
Contract expiry date | 2 trading days before the expiry date of the New York Mercantile Exchange futures contract |
* The target bid-ask spread may change
with market conditions. Reserve the right to change the target
bid-ask spread or margin ratio in accordance with market conditions.
Note: If the above rules are changed, no further notice will be
given.
*Please refer to the information on the trading platform for the
margin. Reserve the right to adjust the margin according to market
conditions