Crude oil - known as the mother of commodities, the blood of modern industry, black gold and so on. It is one of the most important energy and resources in the world at present. It is also an important international commodity and financial asset because it is a scarce and non-renewable resource. It is extremely important to the meaning of a country's economy. It is no exaggeration to describe: Whoever has the right to supply oil and pricing power can grasp the economic lifeline of the world. To this end, international wars and political games around the world's crude oil supply and pricing have been uninterrupted in recent centuries. At the same time, crude oil is also an anti-inflation hedge, so the trading volume of the crude oil market is also very active. GLDB Group Ltd links to the world's two authoritative pricing exchanges, providing London Intercontinental Exchange Brent and New York commodity trading. The two major varieties of (WTI) crude oil are available for investors to trade crude oil through accounts at any time.
Product | Code | Margin calculation | Trading hours (Beijing time) |
---|---|---|---|
Brent crude oil | XBRUSD | Lot * Contract Quantity * Market Price / Account Leverage * Prepayment Percentage | 6:00 to 4:00 (daylight saving time) or 7:00 to 5:00 pm (winter time) |
US crude oil | XTIUSD | Lot * Contract Quantity * Market Price / Account Leverage * Prepayment Percentage | 6:00 to 4:00 (daylight saving time) or 7:00 to 5:00 pm (winter time) |
Description: Winter time trading time is 1 hour later than daylight saving time |