Where Next for Oil?
The run of successive record-breaking oil price rises stumbled, after oil June futures slid by roughly 50 cents on Monday 12 May.
US Light Crude slipped by 53 cents to $125.43, and Brent Crude fell 55 cents to $124.85. These falls followed a week of daily record-breaking highs for oil, instigated by a mixture of strong demand, concerns over supply and currency volatility. While a strengthening dollar was largely responsible for this downturn in value for oil, prices have nevertheless soared by 25% since the turn of the year.
Crude Oil CFDs and ETFs
Whatever your perspective, with IG Markets you can take a view on not just the price of crude oil, but the oil industry as a whole with our ETFs (Exchange Traded Funds). ETF CFDs trade just like our share CFDs and are an easy way of gaining exposure to a whole sector and diversifying your portfolio.
We also offer commission-free, low spreads on CFDs for Light Crude and Brent Crude at just $10 per contract. You can limit your risk when trading oil ETFs and CFDs using our Guaranteed Stops, while maintaining your profit potential.
Visit our Contract Details for more information.
The above comments do not constitute investment advice and IG Markets accepts no responsibility for any use that may be made of them.
13/05/08