Crude Oil Futures Trading Basics. In addition, we do schedule major updates after the close of business Friday through Saturday. You can contact our support staff (all of them are traders) to see how you can get started with a Crude Oil Futures trading strategy that can help you profit from this wonderful market. The system will be available at a minimum of 1 hour prior to the pre-market open on Sundays.s.

Along with Brent crude and light sweet crude futures contracts, you can trade natural gas, heating oil and unleaded gasoline. Because of this, the crude oil futures markets is one of those highly profitable products where discipline is vital to your success.

ET of the following day. This is for the closest contract to expiration before contract roll (trading volume tips over into next contract month). Because economic reports also affect oil prices and when an important figure is released out of line (differing from analyst pre-release estimates), markets must reprice to account for this.

if you want to buy something but your money is worth less, the cost in terms of your money goes up. It’s a fast moving market and at $10 a tick, you can see relatively large p/l swings just trading a single contract.

… 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 … Then of course comes the issue of global tensions and particularly those in the Middle East where much of the North American oil comes from. Oil futures contract price are in USD and it has an intrinsic value. Trading CL on the CME Group (Chicago Mercantile Exchange) Globex is actually open for nearly 24 hours a day during the week (6:00pm – 5:15pm EST) the primary pit crude oil trading session is just 5½ hours long (9:00am to 2:30pm EST) which are some pretty short trading hours.

Brent Crude trading hours. Same goes for the plummet in 2014 and 2015.

Crude oil futures trading is a good choice for an experienced day trader and new traders who understand that trading is a business. It has great liquidity and you soon know whether you’re right or wrong in a trade as it moves quite a bit. So the varying degree of inflation (or deflation) will impact oil prices too. Middle East tensions might be ongoing, but there are specific points in time when important developments take place and the market moves quickly. Why do you need to know this information to day trade crude then? Close: 23:00 London local time) EST hours … Any conflict that hints at the possible disruption to crude oil supply can quickly send prices higher. You can trade oil spot prices non-stop from 11pm on Sundays to 10pm on Fridays (UK time). Trading CL on the CME Group (Chicago Mercantile Exchange) Globex is actually open for nearly 24 hours a day during the week (6:00pm – 5:15pm EST) the primary pit crude oil trading session is just 5½ hours long (9:00am to 2:30pm EST) which are some pretty short trading hours. Volatility varies not only from week to week and month to month, but is also dependent on the day of the week. The ICE Brent Crude futures contracts can be traded within: UK hours (Open: 01:00 London local time and 23.00 on Sundays. This report has the potential to whip the market back and forth so dramatically that many oil futures traders step back for a few minutes to let the dust settle before taking further trades. Over time as currency devalues, anything with intrinsic value should rise in price in terms of the currency. 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). Pre-Market trade data will be posted from 4:15 a.m. Trading hours are in U.S. Central Time, unless otherwise stated. It’s not just inventory reports that move oil prices. Nasdaq.com will report pre-market and after hours trades. Because the market has a good number of influences driving price and because when a lot of business needs to be done the level of liquidity can move the market quickly, crude oil is a market where there’s lots of action for a day trader to profit from. So any strength or weakness in the dollar has the potential to inversely affect oil prices – i.e. It is safe to say that the crude oil trading hours is an art. Each contract – 1,000 barrels Price Quote – USD Price Fluctuation Minimum – $.01/barrel Termination Of Trading – Trading in the current delivery month shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the delivery month. Monday-Friday server maintenance is between 4:00 pm and 5:00 pm CST. Oil market hours (UK time) 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. It’s also important to assess the way the value of the dollar impacts oil prices. In general, two-thirds of the internationally traded oil is priced relative to Brent Crude. Volume tends to pick up throughout the week and volatility is usually elevated around the weekly crude oil inventory report on Wednesdays. Focusing on the latter, you generally get somewhere in the region of 100-250 ticks in range and 100-250k contracts traded and frequently it can be considerably more active.

On Sundays, the session begins at 6:00 P.M. All times are New York time. 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. Futures Trading – The Complete Guide To Trading Futures, economic reports also affect oil prices and when an important figure is released, Forex Trading Systems – What You Need To Know. Whilst it is certainly a speculator driven market to an extent, there are other factors to take into account.

It’s important to know when to roll into the new front month as crude oil is a future that is settled by delivery – if you’re long and you let the future expire, you may end up with barrels of crude oil sitting in your garage.