What is crude oil?
Crude oil is the primary commodity from the energy sector. It is much more than a resource that allows us to have petrol, gasoline, and other chemical components – it’s a geopolitical asset. That’s why its price fluctuates a lot due to a number of factors, and potentially provides a lot of investment and trading opportunities. You can trade two primary brands of crude oil with FBS: WTI and Brent.
How to trade crude oil?
Technically, you trade oil the same way as any other asset. Fundamentally, you need to understand the oil market drivers. First, it’s the global oil demand. OPEC’s regular meetings shed light on that so you just have to follow the cartel’s announcements. Second, geopolitical agreements – you won’t miss that as political events such as Russia and Saudi Arabia discords or the US shale are widely covered in the media. As for the market sentiment, technical analysis is applicable here, too.
How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
How to trade crude oil and natural gas with a broker?
To trade oil and gas online, you need to open an account with a reliable and licensed broker such as FBS. Then go to MetaTrader 5 or the FBS Trader app and find the energies you want to trade: Brent (XBRUSD), WTI (XTIUSD), or gas (XNGUSD). You can trade energy commodities in both directions. For example, if you think Brent spot price will rise, open a long (buy) position. If you think it will fall, open a short (sell) position.
At FBS, you can trade crude oil and natural gas on favorable terms—zero commission, competitive spreads, and 1:200 leverage. Open a Standard or Cent account to try crude oil trading!