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About Oil and Oil Trading
Oil - a popular choice for traders
Nowadays, oil is considered one of the most widely-traded commodities globally, as it impacts many sectors of our economy and many different industries.
There are two major benchmarks for oil pricing – West Texas Intermediate (WTI) and Brent Crude oil.
Oil CFDs trading - how investors trade oil in today's market
Investors can trade oil through Contracts for Difference (CFDs), which allows them to take a long position or short position on underlying financial instruments.
No matter if you think the commodity will go up or down, you can start CFD oil trading based on either option and make the most out of price movements. Here at CAPEX.com, you can follow the oil live chart anytime you want from our CAPEX WebTrader or MetaTrader5 platforms.
What's the lowest crude oil has ever been?
Crude oil's record was $1.17, figure recorded in February 1946.
What are types of crude oil?
There are four major categories of crude oil:
- Very light oils – highly volatile derivates including Jet Fuel, Gasoline, Kerosene, Petroleum Ether or Petroleum
- Spirit Light oils – moderate volatile oil derivates, including include Grade 1 and Grade 2 Fuel Oils, Diesel Fuel Oils as well as Most Domestic Fuel Oils
- Medium oils – the most common types of oils, the majority with low volatility, but with increased viscosity and toxicity
- Heavy fuel oils – some of the heaviest Grade 3,4,5 and 6 Fuel Oils fall into this category, characterised by very high levels of viscosity and toxicitiy
Why has the oil price dropped?
The Covid-19 pandemic impacted the global economy, causing all prices to drop too, as demand plunged.
What are the two types of crude oil?
There are two types of oil and crude oil and Brent oil. What is another name for crude oil? Crude oil is also known as simply Crude, or Black Gold.