Crude oil began futures trading on the NYMEX in 1983 and is
the most heavily traded commodity in the world. Trading oil can be a white
knuckle ride with prices rising and falling with breathtaking volatility.
On NYMEX, Crude Oil Futures trade in units of 1,000 US
barrels (42,000 gallons). At Spreadex, Light Crude Futures are quoted in US
dollars and cents per barrel and are traded per one cent movement. London Brent
Crude Futures are quoted in cents per barrel and are traded per one cent
movement.
Spread betting on crude oil is currently one of the most
popular areas of financial spread betting and online trading. Why? Well
everyone is talking about the price of oil and its knock-on effects on the
price of petrol and energy bills.
Is it going up? Is it going down? Everyone has their
opinion. As Spreadex offer a near and far month future on Brent Crude and a
near month future on Light Crude you can trade actively, both speculating on
where it is going or hedging against what adverse price movements may do to
your business.