Spot Oil Trading
or there any broker's offering spot oil trading like spot forex or is this the same as spreadbetting, can you give me brokers name that offer spot oil trading
I am trading spot crude oil with stifx
it cant be spot oil i dont think.. that would involve the storage of barrels of oil. Maybe its the future?
I don't know about the storage of barrels, but cmc only do forward contracts not spot/cash price.
Yup it's futures for pretty much everything oil based I believe.
If you want to trade spot oil - then maybe a trip to your local esso?
STIFX allows trading in SPOT Brent Crude oil.
Check with them.
This is what they have emailed me regarding SPOT Crude Oil
Basis : Front month ICE Brent crude Oil
Contract Size : 250 bbls
Tick Size : $0.01
Min Tick Value : $2.50
Rollover Date : Working day prior to the settlement of ICE front month futures contract
Rollover Value : Settlement on the above date of the differential (spread) of the first two ICE months
Eg Customer Long 1,000 bbls $60.00
Front Month Settlement $62.00
Second Month Settlement $63.00
Are you sure it is spot?
Most 'front months' are forward contracts.
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