Add Crude Oil. Fuel Your Trading.
In addition to a wide range of Forex currency pairs, global stock indices and precious metals, clients of EightCap also have the opportunity to gain exposure to the global energy markets including the US and UK Crude Oil directly on the MetaTrader 4 platform with flexible leverage, no dealer intervention, no brokerage fees and no commission on standard accounts.
As one of the most widely traded commodities, oil can be used as a part of a diversified trading portfolio and risk management strategy. Its importance in the fuel industry makes it one of the world’s most essential commodity and is in fact considered one of the main barometers of the health of the global economy, with a strong relationship between economic growth and the demand for oil.

What We Offer

Crude Oil trading at EightCap is offered as a spot instrument which has many advantages for traders who are interested in price speculation.
There are two Crude Oil instruments available, the West Texas Intermediate Crude Oil and Brent Crude Oil.

Brent Crude Oil

Brent Crude is a grade of sweet light crude oil extracted primarily from the North Sea.
The price of Brent is used as the benchmark for two thirds of the world’s oil production, and thus is the primary benchmark price for purchases of oil worldwide.

West Texas Intermediate (WTI) Crude Oil

Also known as Texas light sweet, WTI is a grade of sweet light crude oil traded primarily in the United States.
WTI’s supply and demand often vary considerably relative to Brent Crude Oil, resulting in pricing anomalies which consequently turn into unique opportunities for traders.
Understanding the Oil Market
The main feature of the oil market is its high volatility. The price of oil is largely determined by a range of significant and sometimes unrelated factors, including economic supply and demand, political and environmental volatility in oil producing countries, and even technological advancements in the production of alternate fuels. For instance, in times of economic prosperity the demand for oil increases, while a decrease in consumption occurs when economy stagnates. Similarly, extreme weather conditions also have a great impact on oil production, leading to supply disruptions of crude oil. All these conditions can decrease or increase demand for many consumer services related to this energy product.
For traders, this volatility provides ample opportunities in the market and with EightCap you can trade Crude Oil at live market rates without any of the fees or complications associated with trading directly in the oil market.
Trading Oil with EightCap
Whenever you trade oil with EightCap, you’re trading a CFD (Contract for Difference). This means when you trade oil, you’re not actually buying the physical product but instead you are entering into a contract related to the real price of the commodity. And because you’re only trading on the price movement, you’re able to profit whether the market is rising or falling.
Our oil products are Futures based CFDs which are priced directly from the underlying futures markets. Traders are also able to take advantage of the same leverage options, freeing up more trading capital to allocate towards other trades as part of a diversification strategy.
Oil Market Information
Symbol Currency Spread Contract Size Minimum Order Size Value per Tick Market Hours (Server Time)
USO/USD USD Variable 100 Barrels 0.1 USD $0.10 01:00 – 24:00
UKO/USD USD Variable 100 Barrels 0.1 USD $0.10 03:00 – 24:00
The table above shows the contract details for our Crude Oil CFDs. Please note the information here is intended for guidance only. You may download a copy of our MT4 demo trading platform to view real-time information including spreads and margin requirements.
Explore Other Markets

See what’s happening in the other markets, or find new markets to explore.

Forex

Trade a large number of currency pairs with spreads as low as 0.0 pips.

Precious Metals

Diversify your trading by adding Precious Gold and Silver to your portfolio.

Global Indices

Spread your capital by trading the global stock markets like the UK100, SPX500 and more.
Ready to Trade Oil?
Crude Oil is a globalised, 24-hour market. It is highly sensitive and its prices are constantly moving, making it an ideal instrument for day traders looking for fast movements. You can explore oil and other commodities on the same screen as your Forex trades, buy and sell directly from live charts, and set stops and limits in order to protect your capital.