Trade oil CFDs with City Index

Trade US and UK Crude markets with tight spreads on our intuitive platform, with integrated market news and analysis.
 
  • Range of markets

    Access over 25 different commodities markets, including gold and silver.

  • Tight spreads

    Trade with tight spreads from just 0.06pts on commodity markets.

  • Ways to trade

    Speculate on commodities as CFDs, futures contracts or on spot price.

What is oil?

Oil is one of the world’s most useful and sought-after commodities, attracting high interest from traders around the world. Because of its global importance, volatility in oil markets is often high, which presents many opportunities for traders to speculate on its future price movement.

With City Index, you can go long or short on a range of oil CFD markets, including spot price markets or as futures contracts with expiries.

Commodities Spot

Competitive pricing

Intelligent tools

Access powerful tools designed to help you get the most out of every trade on any of our platforms and apps.

Performance Analytics

Gain deeper insight into your trading performance and behaviour across four key metrics with the new Performance Analytics tool, exclusively at City Index.

SMART Signals

Get trade ideas driven by statistics – not opinions. Our SMART Signals engine analyses major global markets based on years of historic market data.

Test drive a trading account 

Practise trading risk-free with $20,000 in virtual funds

Learn to trade oil
CFDs
CFDs
What is CFD trading?

Learn to trade oil markets using our CFD tutorial videos and guides.

Economic calendar
Economic calendar
Economic calendar

View upcoming trading opportunities for the weeks ahead with our economic calendar.

Risk Management
Risk Management
Managing risk

Learn techniques to improve your trading and manage risk effectively with a range of tools.

Oil FAQs

What is an oil benchmark?

An oil benchmark is a crude oil market that acts as a reference point for the prices of oil drilled around the world. The two best-known oil benchmarks are US Crude (otherwise known as WTI) or UK Crude (known as Brent Crude).

Beyond these two headline markets, there are dozens of oil benchmarks that are used around the world. They help facilitate oil trading by acting as a guideline for the different varieties and grades of oil that are produced.

Different oil benchmarks will trade at different prices, according to the lightness and sweetness of the oil they represent. They will, however, tend to move in parallel – so if Brent Crude is moving up, chances are WTI will be up too.

Learn more about how to trade oil.

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What's the best way to trade oil?

The best way to trade oil all depends on your individual goals, style and strategy. There are numerous ways to take your position on oil prices, and each brings its own unique benefits and drawbacks.

Most global oil trading takes place on futures markets. These financial derivatives facilitate the buying and selling of oil using contracts in which you trade oil at a set price on a set future date. 

While retail traders can participate in the oil futures market, many choose to trade on futures prices using CFDs instead. These enable you to take a position on oil markets without ever owning the underlying asset itself.

Learn more about how CFDs work.

 
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What are the margin requirements for oil?

The margin requirement for City Index’s oil markets – including US Crude and UK Crude – is 20%. That means you’ll need 20% of your position’s total value in your account in order to open a trade.

Say, for example, that you want to buy three UK Crude CFDs at $8653. Your total position is worth (8653 * 3) $25,959, meaning you’ll need $5191.80 in your account as margin. City Index will automatically convert that figure into your base currency and display it on the deal ticket, so you’ll always know how much you need to make a trade.

You can find margin requirements for every market we offer in the City Index platform, which you can access with a free demo account.

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