Crude oil (USOIL) is a key commodity in global energy markets. Trade crude oil with FXPrimus for deep liquidity, strategic hedging opportunities, and access to one of the most actively traded assets worldwide.
Crude oil (USOIL) is a key commodity in global energy markets. Trade crude oil with FXPrimus for deep liquidity, strategic hedging opportunities, and access to one of the most actively traded assets worldwide.
| Symbol | Digits | Avg. Spread | Commission | Margin | Contract Size |
|---|---|---|---|---|---|
| USOIL.sp Spot Crude Oil |
2 | 5 | 5 | 1% | 1000 |
| Symbol | Digits | Avg. Spread | Commission | Margin | Contract Size |
|---|---|---|---|---|---|
| USOIL.sp Spot Crude Oil |
2 | 5 | 5 | 1% | 1000 |
Crude oil is the lifeblood of the global economy, influencing industries from transportation to manufacturing. Its price is driven by supply and demand, OPEC decisions, geopolitical tensions, and macroeconomic trends.
Oil traders closely monitor inventory reports, production levels, and demand forecasts from energy agencies. Fluctuations in the U.S. dollar and inflation also impact crude oil prices.
With high volatility and market participation, crude oil provides both speculative and hedging opportunities for traders looking to capitalise on price swings.
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