Energies CFDs Contract Details

Our Energy contracts offer exposure to changes in oil and gas prices. All our contracts expire at specified forward dates and are cash settled; we quote you our own bid/offer spread based on the underlying oil or gas price.

Note: We offer mini versions of all Energies Forward contracts at 50% of the main contract size and margin requirement (25% for Natural Gas).

Energies information table

Notes to table

All the instruments described on this site are Contracts For Difference (CFDs). Our Energies contracts give you exposure to changes in the value of energy prices but they are cash settled and cannot result in the delivery of any commodity or instrument.

1. Our Energies contracts give a client exposure to changes in the value of a futures contract but cannot result in the delivery of any commodity or instrument by or to the client.
2. We will quote an 'all-in' spread that includes both dealing spread and market spread. The size of our dealing spreads are shown in the information tables. All dealing spreads are subject to variation, especially in volatile market conditions. We will not charge any additional commission unless we notify you in writing.
3. For Limited Risk transactions, a Limited Risk premium is charged on the opening.
4. Positions not already closed by the client expire automatically either at the official exchange-published settlement for the contract or at the official market settlement on the last dealing day, whichever is the earlier.
5. The last dealing day shown in the tables may not always coincide with the last dealing day on the relevant exchange.
6. For most positions, a client can, at any time before the position has been automatically closed, ask for the position to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer him the opportunity to roll the position over. However, we cannot undertake to do this in every case and it remains the client's responsibility to give instructions, if he so wishes, to roll the position over before it expires.
7. If the 25th calendar day of the previous month is a non-trading day, the last dealing day for US Light Crude Oil is the third business day prior to the last business day preceding the 25th calendar day of the previous month.
8. Positions not already closed by the client expire automatically with spread on the following basis:
   • Light Crude Oil, Heating Oil, Natural Gas and No Lead Gasoline basis the closing price of the relevant futures contract on NYMEX on our last dealing day
   • Gas Oil and Carbon Emissions basis the settlement price of the relevant futures contract on IPE on the last dealing day
   • Brent Crude Oil basis the IPE Brent Index price for the day following the IG last dealing day
9. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via our PureDeal platform.
10. On certain markets, different margin requirements apply depending on the type of account you hold. Where there are two margin requirement figures listed, the lower figure applies to the Trader Account and the higher figure to the Select Account.