Commodities
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Commodities
Crude oil is a naturally occurring petroleum product used for energy production and manufacturing. Purchasing crude oil is typically done for refining, to produce essential daily products such as diesel, gasoline, fuel oil, jet fuel, plastics, cosmetics, pharmaceuticals, and fertilizers. Therefore, its price has a significant impact on the global economy. Generally, an increase in oil prices raises the cost of travel and transportation, leading to increased inflationary pressure, and personal consumption tends to stagnate, weakening economic growth. The two main classifications of crude oil are West Texas Intermediate (WTI) and Brent crude, with WTI often referred to as U.S. crude oil.
- Competitive Spreads — Further reduce your trading costs
- Efficient Execution — Excellent trade execution, high-quality quotes
- Lower Trading Costs — Lower trading costs compared to other commodities
- Supports Multiple Device Terminals — Place trades anytime, anywhere, on your preferred device
- Profit from Both Directions — Investors trade on price movements without owning the actual commodities
*Leveraged trading may amplify both profits and losses. Only trade if you can afford to take on these risks.
| Trading Contract | Margin Ratio | Daily Trading Time (GMT+3) | 1 Lot Contract Size | Minimum Trading Lots | Average Spread |
|---|---|---|---|---|---|
| USO/USD (West Texas Intermediate Crude Oil/USD) | 50:1 | 01:00-24:00 | 1000 | 0.1 | 5 |
| UKO/USD (Brent Crude Oil/USD) | 50:1 | 03:00-24:00 | 1000 | 0.1 | 5 |
| NGAS (Natural Gas) | 20:1 | 01:00-24:00 | 10000 MMBtu | 0.01 | 3.435 |
Commodities CFDs use standard specifications to calculate contract sizes, for example, crude oil products are quoted based on the price of 1000 barrels of crude oil.
When you trade commodities at LXFX, you are actually trading using CFDs, meaning you are only trading on the price movements, not actually purchasing the commodities.