Oil Markets Explained

[JTrader]

Oil, is a complex market, with several different products trading on several different exchanges.

Therefore, i thought it would be handy to post a collection of quality articles explaining how the Oil Markets work.

I found this basic one for starters, though it doesn't give many exact details on the different products on the different Futures Exchanges, and the relevance of them and the differences between them etc. which would be handy -

BBC NEWS | Business | Oil markets explained

 

[fibonelli]

Oil Market Basics

 

[Adamus]

NYMEX.com: Light Sweet Crude Oil

https://www.theice.com/about_futures.jhtml

 

[solarwinds]

has anyone traded oil via odls, or forexpro?

 

[shahram2611]

has anyone traded oil via odls, or forexpro?

hi
i am regularly trading CL, tru fxpro if you mean.

 

[solarwinds]

yes i did mean fxpro, sorry. let me ask you what do you think the minimum dollar amount i should begin trading oil at fxpro? thanks

 

[shahram2611]

i suggest not less than 2000 usd for one mini contract.
it means if price goes against you 20 usd you are not margin call yet.
regards

 

[elitejets]

has anyone traded oil via odls, or forexpro?

I trade OIL and WTI with ODLS. Very happy.

 

[tradinginthepit]

This is an excellent site for daily news and updates on WTI with technical and fundamental analysis - live charts and video updates 3 times a day - also provides short medium and long term outlook with suggested trades - gets the day off to a good start ( UK time) - Daily Oil Prices