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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Trade US Crude Oil, UK Brent, and Natural Gas
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Trade on falling and rising markets
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Sell from oversupply and buy from increased demand of world commodities
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Energies Trading Conditions
Contract Size: 1 Lot = 1,000 Barrels
Symbols | Description | Digits | Point | Contract Size | Volume Min | Volume Max | Volume Step | Leverage** | Commission | Swaps Short*** | Swaps Long*** | Spread |
---|---|---|---|---|---|---|---|---|---|---|---|---|
USOIL | Spot Crude Oil | 3 | 0.001 | 1000 | 0.01 | 10 | 0.01 | Up to 1:500 | US$ - | -44.80 | 18.02 | 27 |
UKOIL | Spot Brent Oil | 3 | 0.001 | 1000 | 0.01 | 10 | 0.01 | Up to 1:500 | US$ - | -43.24 | 16.73 | 27 |
XNGUSD | Spot Natural Gas | 3 | 0.001 | 10000 | 0.01 | 10 | 0.01 | 1:20 | US$ - | 0.77 | -1.69 | 19 |
QSUSD | Low Sulphur Gasoil | 2 | 0.01 | 100 | 0.01 | 10 | 0.01 | Up to 1:500 | US$ - | -89.43 | 50.58 | 37 |
**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
Symbol | Market Hours (DST)* | Break Sessions (DST)* | |
---|---|---|---|
UKOIL | 18:01 (Sunday) to 16:58 (Friday) | 17:58-20:03 (Daily from Monday to Thursday) | |
USOIL | 18:01 (Sunday) to 16:58 (Friday) | 16:58-18:01 (Daily from Monday to Thursday) | |
XNGUSD | 18:01 (Sunday) to 16:58 (Friday) | 16:58-18:01 (Daily from Monday to Thursday) |
* Trading Hours GMT-5
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