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Spot Oil Trading
This is a discussion on Spot Oil Trading within the Spreads Trading forums, part of the Styles & Strategies category; or there any broker's offering spot oil trading like spot forex or is this the same as spreadbetting, can you ...
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Apr 22, 2007, 9:32am
| #1 |
| Veteran Member  Join Date: Mar 2005 Posts: 531
  | 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
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Jun 21, 2007, 12:43pm
| #2 |
| Junior Member Join Date: Jun 2007 Posts: 27
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I am trading spot crude oil with stifx
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Jun 21, 2007, 1:16pm
| #4 |
| Rookie Join Date: Feb 2007 Posts: 13
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it cant be spot oil i dont think.. that would involve the storage of barrels of oil. Maybe its the future?
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Jun 21, 2007, 1:28pm
| #5 |
| Legendary Member  Join Date: Jul 2001 Posts: 2,176
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I don't know about the storage of barrels, but cmc only do forward contracts not spot/cash price.
__________________ http://www.youtube.com/watch?v=Ul2H_I_PbzM "Adapt or die!" Said the Coackroach to the Dinosaur. Beware of false signals bearing gifts. "I have seen the enemy...and it is me." Follow the path of least resistance. |
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Jun 21, 2007, 1:56pm
| #6 |
| Legendary Member  Join Date: Jan 2006 Posts: 1,436
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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?
__________________ Hoggums ----------------------------------------------------------------------------- Outside of a dog, a book is a man's best friend, inside of a dog, it's too dark to read. -- G Marx. |
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Jun 21, 2007, 2:03pm
| #7 |
| Junior Member Join Date: Jun 2007 Posts: 27
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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 |
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Jun 21, 2007, 4:17pm
| #8 |
| Legendary Member Join Date: Jul 2001 Posts: 2,176
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Are you sure it is spot? Most 'front months' are forward contracts.
__________________ http://www.youtube.com/watch?v=Ul2H_I_PbzM "Adapt or die!" Said the Coackroach to the Dinosaur. Beware of false signals bearing gifts. "I have seen the enemy...and it is me." Follow the path of least resistance. |
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