You can trade oil spot prices non-stop from 11pm on Sundays to 10pm on Fridays (UK time). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trading from the trending side will certainly help improve your odds of success, though. There is a one-hour daily trading break beginning at 5:00 p.m. Accessed April 11, 2020. Education, subscriptions, trading hours, fees and calendars. Please upgrade to the latest version of these supported browsers. It comes in many different grades, and the fundamentals are different since it is a raw product. In addition to these periods, there are some nuanced times that are typically active. By February 2016, the price depreciated to under $30 per barrel, and in January 2019, the price was trending around $53.84 per barrel for WTI Crude. The shorts will cover quickly because the risk is just too great. U.S. Energy Information Administration. eToro (Europe) Ltd., a Financial Services Company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license # 109/10. Accessed April 11, 2020. The most liquid oil contracts. Under no circumstances shall eToro have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or (b) any direct, indirect, special, consequential or incidental damages whatsoever. To do this, they have to place buy orders to cover. Accessed April 11, 2020. He wrote about trading strategies and commodities for The Balance. Trading Hours Crude Oil Futures and Options: Open outcry trading is conducted from 9:00 A.M. until 2:30 P.M. After hours crude oil futures trading are conducted via the GLOBEX internet-based trading platform beginning at 3:15 P.M. on Mondays through Thursdays and concluding at 9:30 A.M. the following day. You have to make sure you use stop orders in this market. Crude Oil: GCL: NYMEX: 5:00 PM: 5:00 PM: 4:00 PM: Crude Oil TAS: CLT: NYMEX: 5:00 PM: 5:00 PM: 1:30 PM: E-mini Crude Oil: QM: NYMEX: 5:00 PM: 5:00 PM: 4:00 PM: E-Mini Natural Gas: QG: NYMEX: 5:00 PM: 5:00 PM: 4:00 PM: Ethanol: ZE: CBOT: 5:00 PM: 5:00 PM: 4:00 PM: Heating Oil: GHO: NYMEX: 5:00 PM: 5:00 PM: 4:00 PM: Heating Oil TAS: HOT: NYMEX: 5:00 PM: 5:00 PM: 1:30 PM: Natural Gas: GNG: … "Use of Oil." The value of the U.S. dollar is a major component in the price of oil. Investors may trade in the Pre-Market (4:00-9:30 a.m. Environmental markets & indices. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Accessed April 11, 2020. Accessed April 11, 2020. Some instruments are subject to a contract which closes on a monthly or bimonthly basis. Past performance is not indicative of future results. "Futures Order Types." Create a portfolio with cryptocurrencies, stocks, commodities, ETFs and more. 75% of retail investor accounts lose money when trading CFDs with this provider. "Benchmarks Play an Important Role in Pricing Crude Oil." What Is the Difference Between Crude Oil, Petroleum Products, and Petroleum? Trading with eToro by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Any open position on one of the instruments below will be closed automatically on the contract’s expiry date, at market close or 15 minutes before the daily break. U.S. Energy Information Administration. The reason prices move so swiftly is that traders who have short positions in the market tend to cover their shorts quickly if price creeps up, either eroding their gains or causing losses. Pit trading hours are Monday through Friday from 7:30 a.m. to 12:15 p.m. Understanding Energy Futures The Balance uses cookies to provide you with a great user experience. ET; Contract size: 1,000 U.S. barrels (42,000 gallons) Contract months: All months; Price quote: Price per barrel (example: $65.50 per barrel) Tick size: $0.01 per barrel ($10.00 per contract) Last trading day: Third business day before the 25th calendar day of the month preceding the delivery month Should the underlying market close ahead of time or the liquidity be deficient, we may delay market opening or disable trading for the affected instruments. Natural gas & LNG futures and options. We encourage you to familiarise yourself with relevant trading hours. Please note that a break in trading … The Advantages, Disadvantages, and Best Markets of Day Trading Futures, one of the favorite markets of futures day traders, Crude Oils Have Different Quality Characteristics, What Countries Are the Top Producers and Consumers of Oil. Trading hours: 6 p.m. to 5 p.m. Market events affect some exchanges’ opening and closing hours. When crude oil is refined or processed, it takes about three barrels of oil to produce two barrels of unleaded gas and one barrel of heating oil. Benchmarks Play an Important Role in Pricing Crude Oil, Energy & Financial Markets: What Drives Crude Oil Prices, Beyond the Numbers: The Relationship Between Crude Oil Prices and Export Prices of Major Agricultural Commodities. Global Gas Benchmarks. Monday-Friday server maintenance is between 4:00 pm and 5:00 pm CST. "This Week in Petroleum." U.S. Energy Information Administration. Trading hours are in U.S. Central Time, unless otherwise stated. CME Group. eToro (UK) Ltd, a Financial Services Company authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263. Therefore when using our Cryptocurrencies Trading Service you will not benefit from the protections available to clients receiving MiFID regulated investment services, such as access to the Cyprus Investor Compensation Fund (ICF)/the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service for dispute resolution. Accessed April 11, 2020. General Risk Disclosure | Terms & Conditions. On Sundays, the session begins at 6:00 P.M. Accessed April 11, 2020. The product is light and sweet, which makes it ideal for gasoline, and it trades under the CL ticker on the Chicago Mercantile Exchange (CME). Crude oil also tends to move closely with the stock market but in the opposite direction. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. However, orders can be set to be executed when markets reopen. Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on this date, and NYSE American Equities, NYSE Arca Equities, NYSE Chicago, and NYSE National late trading … "Oil Prices and Outlook." This report is released every Wednesday around 1 p.m. ET., Trading crude can be confusing when you first get into it. Home / TRADING / eToro Trading Hours and Market Events. Positions cannot be opened or closed during this time. Market events affect some exchanges’ opening and closing hours. Exchanges, Understanding Points, Ticks, and Pips Trading, How the COVID-19 Pandemic Will Affect Oil Prices in 2020 and 2021. We encourage you to familiarise yourself with relevant trading hours. Some investors trade the ranges until there's a clear breakout either way. U.S. Energy Information Administration. U.S. Energy Information Administration. Trading hours are in U.S. Central Time unless otherwise stated. This helps to put into perspective the production needs of crude, and why production and supply levels are watched so closely., The main reports for crude oil are found in the U.S. Energy Information Administration (EIA) Weekly Energy Stocks report. This wave of buying is done at the same time speculators are jumping on board to establish or add to long positions. Past performance is not an indication of future results. Please note that trading hours are subject to change based on available liquidity. Accessed April 11, 2020. The Daily Break is a recess in trading. Bureau of Labor Statistics. If a major development arose that disrupted supply, shorts could theoretically lose more money than they invested, resulting in a margin call from their brokerage—one of the most dreaded calls in the world of investors. As of April 2020, the price is hovering around $28.34 per barrel.. For CME and CBT products submitted via CME ClearPort Clearing, the hours are: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT Crude oil also tends to get stuck in prolonged ranges after a sizable move, and a person who can identify these ranges has plenty of opportunities to buy at the low end and sell at the high end. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. The ICE West Texas Intermediate (WTI) Light Sweet Crude Oil Futures Contract offers participants the opportunity to trade one of the world's most liquid oil commodities in an electronic marketplace. It can also provide great losses if you are on the wrong side of a price movement., Crude is the raw material that is refined to produce gasoline, heating oil, diesel, jet fuel, and many other petrochemicals. CME Globex provides electronic trading for 24 hours/6 days a week: Sunday to Friday, 18:00 – 17:00, with a 60-minute break each day. Content on eToro's social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of eToro - Your Social Investment Network. "What Drives Crude Oil Prices?" During the summer, increased driving boosts the demand for crude oil and causes prices to rise. ... ICE NGX Gas and Electricity Market Hours (MST) US Futures Market … U.S. Commodity Futures Trading Commission. The table above shows the trading hours per instrument so you know when orders must be … A higher dollar puts pressure on oil prices; a lower dollar helps support higher oil prices. Our oil futures on US crude and no lead gasoline are available for nearly 24 hours a day, five days a week – except from 10pm to 11pm – and other oil futures trade from 1am to 11pm (UK time). eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets.