Advantages to Trade Crude Oil CFDs with Morgan Hill
An Industry Essential
Crude oil has superb physical and chemical features, applicable to the energy and industrial sectors of an economy. It is a critical foundation for the promotion of economies and industrial modernisation.
Strategic Position With rapid industrial development, global demand for energy remains high. As crude oil is a crucial energy commodity its price may be greatly affected by geopolitical, economic positioning and military situations.
Enormous Trading Volume
Due to global economic development and increasing demand for energy, crude oil has long been considered the king of commodity trading, and is recognized as the product with the world’s largest trading volumes.
Crude Oil’s History
The history of oil pricing for WTI shows that the energy commodity has been subject to regular and substantial price movements, resulting in significant opportunities for investors who are aware of the market’s factors.
Products of Crude Oil CFDs offered by Morgan Hill
MMM means month/YY means year, USOIL.MAR19 means US WTI Crude Oil of March 2019.
Morgan Hill reserves the right to adjust the spread or margin requirements under volatile market conditions.
For specific details, please refer to the display information of the trading platform itself.
US WTI Crude Oil futures trades on New York Mercantile Exchange, known as NYMEX.
UK BRENT Crude Oil futures trades on London Intercontinental Exchange, known as ICE.
What is Crude Oil CFDs Trading?
Also known as petroleum or black gold, it is directly taken from oil rigs and drilling platforms, labelled crude oil and is not just a highly sought out product globally, but essential to economies in many aspects of energy, industry, and transportation. CFDs are Contract for Difference in the price of a good, where there is no need to own the underlying product. Putting it all together, Crude oil CFDs mean you can trade the difference in the price of oil without having to own the product itself, benefitting from the fluctuations in the price of the energy commodity whether its price rises or falls.
Why Trade Crude Oil CFDs with Morgan Hill?
With oil being such a crucial and strategic commodity globally, both its price and its multiple variants such as Brent and WTI are prone to fluctuations based on global supply and demand, geopolitical tensions, and – being priced in US dollars – the greenback. While some hedge funds purchase oil as a hedge against inflation, others invest based on their view of where the energy market might be headed. And when trading oil CFDs you have the ability to buy if you believe the price is going higher or sell in the event you believe the price will drop, offering a chance to profit in both directions. With Morgan Hill, multiple benefits await in the form of competitive spreads, multilingual support, and more!
Trade Crude Oil CFDs with Morgan Hill Today
All trading involves risk, losses can exceed your deposits. Risk Policy