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What Are Energies?

Energies are often the asset class of Oil and its derivatives. Oil is usually denominated in U.S. Dollars (also referred to as ‘Petrodollar’), and a weak dollar will commonly cause Oil prices to increase, as the value of the currency directly influences the price of the product.

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.

Oil-producing countries control large parts of the supply, and therefore the price, as they can limit or expand the physical quantity of oil barrels available in the market.

Energy 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 energy CFDs as the easiest way to trade.

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    Low commissions

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    No overnight charges

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    Low margin requirements

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    Greater price movements

Energies

Trade Energy CFDs

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    Trade conveniently with one click

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    Enjoy product and overall portfolio diversification

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    Trade US Crude Oil, UK Brent, and Natural Gas

Trade commodities with leverage

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    Low margin requirements

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    No complexities and overhead costs

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    Real-time trade execution and settlement

Trade on falling and rising markets

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    Track and benefit from market seasonality

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    Sell from oversupply and buy from increased demand of world commodities

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    Superior trading platform accessible on any device or browser

Energies Trading Conditions

Contract Size: 1 Lot = 1,000 Barrels

SymbolsDescriptionDigitsPointContract SizeVolume MinVolume MaxVolume StepLeverage**CommissionSwaps Short***Swaps Long***Spread
USOILSpot Crude Oil30.00110000.01100.01Up to 1:500US$ --44.8018.0227
UKOILSpot Brent Oil30.00110000.01100.01Up to 1:500US$ --43.2416.7327
XNGUSDSpot Natural Gas30.001100000.01100.011:20US$ -0.77-1.6919
QSUSDLow Sulphur Gasoil20.011000.01100.01Up to 1:500US$ --89.4350.5837

**Please note that leverage differs by instrument. Kindly see the attached file for more information.

***Spreads/swaps are in USD. If your account with Scope Markets is denominated in another currency, spreads/swaps will be shown in your respective currency of choice.

***Spreads/swaps are indicative. For accurate, live spreads/swaps please refer to Scope Markets MetaTrader platform.

Trading Hours

SymbolMarket Hours (DST)*Break Sessions (DST)*
UKOIL18:01 (Sunday) to 16:58 (Friday)17:58-20:03 (Daily from Monday to Thursday)
USOIL18:01 (Sunday) to 16:58 (Friday)16:58-18:01 (Daily from Monday to Thursday)
XNGUSD18:01 (Sunday) to 16:58 (Friday)16:58-18:01 (Daily from Monday to Thursday)

* Trading Hours GMT-5

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