Exness offers two types of crude oil contracts: UKOIL (Brent crude) and USOIL (WTI crude). Exness’s crude oil contracts are highly volatile, making them particularly popular among traders who aim to generate significant profits in a short period of time.
You can trade Exness’s crude oil instruments with a fixed leverage of 200x or 1,000x. Furthermore, Exness’s WTI crude oil is “swap-free,” meaning no swap points are charged, allowing you to enjoy long-term trading strategies while keeping costs low.
At Exness, you can trade two types of crude oil contracts via CFDs (Contracts for Difference). Please familiarize yourself with the characteristics of these highly volatile crude oil contracts to ensure a smooth trading experience.
Exness crude oil is characterized by high liquidity. As a result, spreads are relatively tight, offering the advantage of lower trading costs. Additionally, since crude oil is highly susceptible to global economic and geopolitical factors, it is a recommended asset for those looking to engage in short-term trading by capitalizing on price fluctuations. While crude oil prices fluctuate frequently, Exness allows you to enjoy trading while minimizing those risks.
Exness crude oil is characterized by its tendency to form strong, sustained trends. When trends are strong, prices tend to move in a single direction over the long term, even amid short-term fluctuations, allowing traders to engage in short-term trading while aiming for medium- to long-term profits. Additionally, since Exness crude oil trading has no expiration date, you can hold positions for the long term without worrying about contract expiration.
At Exness, you can trade two types of crude oil contracts via CFDs (Contracts for Difference). In CFD trading, your profit or loss is determined by the difference between the opening and closing prices. You can take a long position when prices are rising and a short position when they are falling, allowing you to capitalize on trading opportunities in both rising and falling markets.
For example, when crude oil prices surge due to the release of economic indicators or other factors, you can profit by taking a long position. Conversely, when prices fall due to shifts in the balance between supply and demand, you can aim to profit by taking a short position. In this way, Exness’s CFD trading allows you to develop flexible strategies and trade in a way that maximizes the price fluctuations unique to the crude oil market.
When trading crude oil on Exness, it is important to understand the characteristics of crude oil price movements. By understanding the best times to trade and the optimal timing, you can enjoy trading crude oil while minimizing risk.
Trading in Exness crude oil contracts is generally available from early Monday morning through early Saturday morning. Within this timeframe, trading volume is highest between 10:00 PM and 2:00 AM Japan Standard Time—the period when London and New York trading sessions overlap, which are known for their high trading volumes. During these hours, liquidity is high, which tends to result in tighter spreads, offering you the opportunity to trade under more favorable conditions. We invite you to take advantage of short-term trading strategies to enjoy efficient crude oil trading.
When trading crude oil on Exness, you should pay close attention to the timing of the release of the "U.S. Weekly Petroleum Inventory Report." Crude oil prices may fluctuate significantly depending on the results of this report, which is released every Wednesday at 11:30 p.m. JST (12:30 a.m. during Daylight Saving Time). The U.S. Weekly Petroleum Inventory Report is a report on U.S. petroleum inventory levels published by the U.S. Energy Information Administration (EIA).
Every Wednesday, we release data for the previous Friday for various petroleum products, including crude oil, distillates, diesel fuel, and kerosene. These figures serve as key indicators for comprehensively evaluating trading strategies that take into account not only simple changes in inventory levels but also other fundamental factors and price trends. Since crude oil inventories are influenced by the status of petroleum inventories, please exercise extreme caution when trading around the time these petroleum inventory statistics are released to mitigate risk.
Crude oil prices on Exness fluctuate based on the prevailing balance of supply and demand in the market. Global economic trends—particularly in the United States, the world’s largest oil consumer—as well as global demand for gasoline and winter heating oil significantly influence prices. The main factors affecting crude oil price fluctuations are as follows:
Crude oil prices on Exness are influenced by OPEC (Organization of the Petroleum Exporting Countries) member nations adjusting their production levels in response to global demand. For this reason, the actions of oil-producing nations, particularly those within OPEC, are closely watched. For example, in 2020, amid the COVID-19 pandemic, OPEC and its allies agreed to cut oil production to stabilize prices.However, due to disagreements with Russia—a major exporter despite not being an OPEC member—Saudi Arabia decided to increase production. As a result, there are instances where crude oil prices fell significantly.
During periods of economic growth, demand for crude oil rises to meet the needs of industries such as energy, transportation, manufacturing, and pharmaceuticals; as demand exceeds supply, oil prices rise. The development of the global economy is a critical factor in crude oil demand. When the global economy recovers, increased demand drives up crude oil prices; conversely, when the global economy slows down, demand decreases and crude oil prices fall.
One of the factors driving fluctuations in Exness’s crude oil prices is political instability and geopolitical risks in the Middle East and North Africa. The Middle East is home to some of the world’s leading oil-producing nations and is subject to various geopolitical risks. Political instability in these oil-producing countries tends to disrupt oil supplies, causing crude oil prices to rise.
Exness crude oil prices may be affected by production cut policies implemented by oil-producing countries. If demand for crude oil declines and a surplus of crude oil arises, this excess crude is typically stored in storage facilities. However, since crude oil storage capacity is limited, once facilities reach full capacity, concerns about an oversupply of crude oil may rise, potentially impacting market prices.
As climate change becomes a global issue, energy companies are accelerating the transition to alternative energy sources such as solar, wind, and hydroelectric power. The production of these new energy sources is increasing year by year, and shifts in their share of the energy mix could potentially affect both crude oil demand and prices.
Exness offers two types of crude oil contracts: UKOIL (Brent crude) and USOIL (WTI crude). These contracts are available for trading on four account types, excluding the Standard Cent account; however, trading conditions vary depending on the account type. Please review the following trading conditions before trading crude oil with Exness.
Exness offers trading in the following two types of crude oil contracts.
Exness’s UKOIL (Brent Crude) is widely recognized as a benchmark crude oil produced in the North Sea and has been listed on the IPE (now ICE Futures Europe) since 1988. The name “Brent Crude” derives primarily from the Brent oil fields in the North Sea, which are operated off the coasts of England, Norway, Denmark, and the Netherlands.
Brent crude has a API gravity of approximately 38 degrees and a sulfur content of 0.38%. In terms of quality, it falls between WTI, Dubai, and Oman crude. Because Brent crude is light and has a low sulfur content, it is relatively easy to refine into high-quality fuels such as gasoline and diesel. These characteristics make Brent crude highly sought after worldwide, and it plays a particularly important role in the European, African, and Middle Eastern markets.
Exness’s USOIL (WTI Crude Oil) is a high-quality crude oil produced in the U.S. state of Texas. It has been listed on the NYMEX (New York Mercantile Exchange) since 1983. “WTI” stands for West Texas Intermediate, and it accounts for approximately 6% of the crude oil produced in the United States and 1–2% of the crude oil produced worldwide.
The USOIL market boasts the world's largest trading volume in crude oil futures and serves as a benchmark for crude oil grades not only in North America but around the world. Since NYMEX deliveries take place in Cushing, Oklahoma, which borders Texas, crude oil prices may be affected by congestion at the delivery location.
USOIL is a high-quality crude oil with an API gravity of 39 degrees or higher, making it very light, and a low sulfur content of approximately 0.2%. Because it is relatively easy to refine into high-quality fuels such as gasoline and diesel, it is also referred to as "light, sweet crude."
At Exness, you can trade two types of crude oil contracts—UKOIL (Brent Crude) and USOIL (WTI Crude)—from early Monday morning through early Saturday morning (excluding maintenance periods). Please note, however, that trading is suspended for approximately one hour early each weekday morning.
| Stock | Summer Time (Market Closure) |
Winter Hours (Market Closure) |
| UKOIL (Brent Crude) | Mon 9:10 AM–Sat 5:55 AM (5:55 AM–9:10 AM) |
Mon 10:10 a.m.–Sat 6:55 a.m . (6:55 a.m.–10:10 a.m.) |
| USOIL (WTI Crude Oil) | Thu 7:10 AM–Sat 5:45 AM (5:45 AM–7:10 AM) |
Mon 8:10 AM–Sat 6:45 AM (6:45 AM–8:10 AM) |
| Summer Time (Market Closure) | |
| UKOIL | Mon 9:10 AM–Sat 5:55 AM (5:55 AM–9:10 AM) |
| USOIL | Thu 7:10 AM–Sat 5:45 AM (5:45 AM–7:10 AM) |
| Winter Hours (Market Closure Hours) | |
| UKOIL | Mon 10:10 a.m.–Sat 6:55 a.m . (6:55 a.m.–10:10 a.m.) |
| USOIL | Mon 8:10 AM–Sat 6:45 AM (6:45 AM–8:10 AM) |
Exness observes daylight saving time, so trading hours vary between "summer time" and "winter time." Please note that when the clock changes from winter time to summer time, the opening and closing times of foreign exchange markets in various countries will be moved forward by one hour.
The leverage applied to Exness’s crude oil instruments is always fixed at 200x or 1,000x, regardless of your account type or leverage settings. This fixed leverage allows you to trade crude oil—a highly liquid market with volatile price movements—while managing risk and aiming for profits.
| Stock | Leverage (Fixed) |
| UKOIL (Brent Crude) | 200 times |
| USOIL (WTI Crude Oil) | 1,000 times |
The margin required for trading crude oil on Exness can be calculated using the following formula.
Required Margin = Trade Volume × Leverage × Current Rate
For example, if the price of UKOIL (Brent crude oil) is $70, and you trade 0.01 lots (1,000 units) using a fixed leverage of 200x, the required margin is calculated as “0.1 × 1,000 ÷ 200 × 70,” which equals $3.50.If your trading account currency is Japanese yen (JPY), the calculation uses the USD/JPY exchange rate. If 1 USD equals 150 JPY, the required margin would be "$3.5 × 150 JPY/USD = 525 JPY."
Exness also offers a convenient investment calculator. Simply enter the required information, and it will automatically calculate your margin requirements, spreads, and other costs. We encourage you to use this tool to help ensure a smooth trading experience.
The average spread for crude oil trading on Exness varies depending on the account type you use. Additionally, since there are no transaction fees for Standard and Pro accounts, the only effective trading cost is the spread. The average spreads for crude oil on Exness are as follows.
| Stock Name | Standard Account | Low-Spread Account | Zero Account | Pro Account |
| UKOIL (Brent Crude) | pips | pips | pips | pips |
| USOIL (WTI Crude Oil) | pips | pips | pips | pips |
| UKOIL | |
| Standard Account | pips |
| Low-Spread Account | pips |
| Zero Account | pips |
| Pro Account | pips |
| USOIL | |
| Standard Account | pips |
| Low-Spread Account | pips |
| Zero Account | pips |
| Pro Account | pips |
(*) Spreads are subject to change, so please check the latest figures before trading.
Please note that the accounts offering the lowest spreads for trading crude oil at Exness are the "Low Spread Account" and the "Zero Account." However, since both accounts incur trading commissions, when considering the total cost—which includes both the spread and the commission—the Low Spread Account allows you to trade crude oil at a relatively lower cost.
At Exness, only USOIL (WTI Crude Oil) is available for swap-free trading.Swap points are the "interest rate adjustment" that occurs when a position is held overnight and carried over to the following day or later. With USOIL, the swap-free feature means no swap points are charged even when positions are held overnight, allowing you to trade across a wide range of styles, from short-term to medium- and long-term trading. The swap points for Exness’s crude oil instruments are as follows.
| Stock Name | Long swap |
Short swap |
| UKOIL (Brent Crude) | ||
| USOIL (WTI Crude Oil) |
(*) Spreads are subject to change, so please check the latest figures before trading.
Please note that UKOIL (Brent Crude) is not eligible for swap-free trading. If you carry a position over to the next day or later, the negative swap amount will be deducted as a loss, so please exercise caution when managing your positions.
Trading fees for crude oil trading on Exness vary depending on the account type you use. With Standard and Pro accounts, you can trade without any transaction fees. On the other hand, with Low Spread accounts, a fee of $3.50 per lot (one-way) applies. With Zero accounts, transaction fees of $32.50 per lot (one-way) for UKOIL and $6.25 per lot (one-way) for USOIL apply; however, in exchange, we offer extremely low spreads.Exness’s trading fees for crude oil instruments are as follows:
| Stock | Standard Account | Low-Spread Account | Zero Account | Pro Account |
| UKOIL (Brent Crude) | - | $3.50 | $32.50 | - |
| USOIL (WTI Crude Oil) | - | $3.50 | $6.25 | - |
| UKOIL | |
| Standard Account | - |
| Low-Spread Account | $3.50 |
| Zero Account | $32.50 |
| Pro Account | - |
| USOIL | |
| Standard Account | - |
| Low-Spread Account | $3.50 |
| Zero Account | $6.25 |
| Pro Account | - |
At Exness, you can trade by leveraging the correlation between crude oil and currency pairs. Because crude oil plays a vital role in the energy market, fluctuations in crude oil prices affect many currencies. By understanding how changes in crude oil prices impact currency pairs, you can develop more effective trading strategies.
There appears to be an inverse correlation between the movements of Exness’s USD/CAD and USOIL (WTI crude oil). The United States is the world’s largest consumer of crude oil, consuming approximately 19 million barrels per day. Much of this is imported from countries such as Canada, Mexico, and Saudi Arabia, with the remainder coming from domestic production and imports from other nations.Since crude oil exports to the United States are a vital economic resource for Canada, fluctuations in WTI crude oil prices often have a direct impact on the Canadian economy and the Canadian dollar.
For example, when WTI crude oil prices rise, Canada’s revenue from crude oil exports increases, which has a positive effect on the economy. As a result, if the value of the Canadian dollar rises, the USD/CAD exchange rate tends to fall. On the other hand, if WTI crude oil prices fall, the value of the Canadian dollar tends to decline, and the USD/CAD exchange rate tends to rise, so caution is advised.
There appears to be an inverse correlation between Exness’s USD/NOK and UKOIL (Brent crude oil) pairs. Norway is one of the world’s leading crude oil exporters. The economy is centered on the oil industry, which accounts for more than 20% of the country’s gross domestic product (GDP), and this often has a direct impact on the value of the Norwegian krone.
For example, when Brent crude oil prices rise, Norway’s revenue from crude oil exports increases, which has a positive impact on the economy. As a result, the value of the Norwegian krone tends to rise, causing the USD/NOK exchange rate to fall. On the other hand, when Brent crude oil prices fall, the value of the Norwegian krone tends to decline, causing the USD/NOK exchange rate to rise, so caution is advised.
When trading crude oil with Exness, please note the following:
At Exness, you can trade all financial instruments, including crude oil, via CFDs (Contracts for Difference). With Exness CFD trading, you trade based on the difference in price resulting from buying and selling, without actually holding the underlying asset. Please note that Exness does not offer futures trading for financial instruments, including crude oil.Please note that while CFD trading allows you to trade with amounts exceeding your margin by utilizing leverage, it also carries the risk of losses.
Crude oil trading on Exness is subject to leverage restrictions, so the maximum leverage is fixed at 200x or 1,000x. Please note that the high leverage of up to 2,000x (*), which is one of Exness’s key features, does not apply.Additionally, Exness has designated periods known as High Margin Requirement (HMR) for its crude oil instruments, during which the required margin amount is increased due to significant market-impacting events or specific times of day. Please note that during these HMR periods, the leverage for UKOIL (Brent crude) and USOIL (WTI crude) is fixed at 20x.
(*) Leveraged trading involves high risk, and you may lose all of your invested capital. Please ensure you fully understand the risks before trading.
Please note that you cannot trade crude oil with a Standard Cent account at Exness. While Exness offers a total of five account types, only four—the Standard, Low Spread, Zero, and Pro accounts—allow trading of energy CFDs, including crude oil. If you do not have an eligible account, please open a different account type in your Personal Area.Exness allows you to hold up to 100 accounts per MT4/MT5 platform, for a total of 200 accounts. This allows you to open the account type that best suits your trading instruments and strategies.
Exness offers a "Triple Swap" feature every Wednesday, where swap points for three days—including Saturday and Sunday—are added in a single batch. However, this Triple Swap does not apply to energy products, including Exness’s UKOIL (Brent Crude) and USOIL (WTI Crude).If you hold a position overnight, a rollover fee (swap points) will be charged for each day, so please exercise caution when managing your positions.
Can I trade crude oil on Exness without paying any commissions?
Yes, with Exness, you can trade crude oil without any transaction fees on Standard and Pro accounts. Please note that Low Spread and Zero accounts incur additional transaction fees. If you want to keep trading costs low, you should compare the effective costs, which include both the spread and the transaction fees.
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29.11.2024
Are there swap points on crude oil trades with Exness?
Yes, swap points are charged on crude oil trades with Exness. Swap points for crude oil vary by instrument; UKOIL (Brent crude) incurs swap points. USOIL (WTI crude) is swap-free, so no swap points are charged even if you hold a position overnight.
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29.11.2024
Are there any leverage restrictions on crude oil trading with Exness?
Yes, there are leverage restrictions on crude oil trading with Exness. Regardless of your account type or leverage settings, crude oil trades are subject to a fixed leverage ratio. However, please note that during periods of significant market-moving events or specific time frames (HMR), the leverage is fixed at 20x.
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29.11.2024
What are the trading hours for crude oil on Exness?
Exness’s trading hours for crude oil are as follows: UKOIL (Brent Crude) is available from 9:10 AM on Monday to 5:55 AM on Saturday during Daylight Saving Time, and from 10:10 AM on Monday to 6:55 AM on Saturday during Standard Time; USOIL (WTI Crude) is available from 7:10 AM on Monday to 5:45 AM on Saturday during Daylight Saving Time, and from 8:10 AM on Monday to 6:45 AM on Saturday during Standard Time.Please note that there is a trading suspension of approximately one hour early in the morning on weekdays.
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29.11.2024
Can I trade crude oil on Exness?
Yes, at Exness, we offer two types of crude oil contracts: UKOIL (Brent crude) and USOIL (WTI crude). You can trade these contracts using a Standard, Low Spread, Zero, or Pro account. Please note, however, that crude oil contracts are not available on the Standard Cent account.
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29.11.2024
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