Trade Energy Futures with HiWayFX and enjoy:
- Access to a wide range of Energy Commodities such as USCrude, UKBrent and NGAS
- Potential profit from rising and falling market trends
- Tight spreads so you know your costs upfront
Crude Oil (USCrude)
West Texas Intermediary (WTI) is a blend of several U.S. domestic streams of light sweet crude oil. It is a popular energy commodity and is the American oil price benchmark. This is light, sweet crude as it is low in density and low in sulfur content. WTI crude (OIL) is used as a benchmark for pricing and it is closely aligned with Brent Crude (BRT) and the OPEC basket. Oil prices are particularly sensitive to geopolitical events particularly in the Middle East.
Brent Oil (UKBrent)
Brent Crude is a light oil crude sourced from the North Sea. It is a benchmark due to its quality and characteristics. Oil demand and supply disruptions may lead to wild price swings. Brent Crude oil serves as a major benchmark price for purchases of oil worldwide.
Why trade Oil
Oils importance in fuel and industry makes it one of the worlds most essential commodities. Due to numerous economic and political reasons the supply and demand for oil fluctuates constantly; this provides traders withgreat opportunities to profit from Oil Trading.