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Crude Oil

Investment into energy related products has been one of the fastest growing market segments. Of these products, US Oil are one of the most popular

IGK offers CFDs New York Crude Oid.

 

Case 1: Short Crude Oil
The face value of 1 Crude Oil contract is 10,000 . The quoted spread is 3 points (the minimum fluctuation is 0.01).10 per index point. The client intends to earn 100 index points. The margin requirement for each contract is 1,000 .
The client considers the market as highly risky. The market may weaken in the future. To address this situation, the client intends to short Crude Oil .
Crude Oil is quoted at 93.20/93.32. The client takes a short position at 93.20. Value per index point is 10. The client intends to earn 100 index points. This requires a margin of 1,000.
Crude Oil does weaken and drop. The price falls to 92.90. In response, the client chooses to close the position at 92.90 The client makes a profit of 30 index points in the trade (93.20-92.90).
If the client takes a short position at 93.20 and closes the position at 92.90. The profit of 30 index points is: 93.20-92.90) x 0.01 x 10 = 3,00 The total profit is 300.

  • Price difference: 0.30 (Crude Oil short price 93.20 – closing price 92.90 = 0.30)
  • Points earned: +30 (1 base point = 0.01, then 0.3/0.01 = 30)
  • Profit earned: RMB +300 (Value per index point = 10, then 30 x 10 = 300)

*The above calculations have excluded spreads.

Case 2:Long Crude Oil
The face value of 1 Crude Oil contract is 10,000 . The quoted spread is 3 points (the minimum fluctuation is 0.01).50 per index point. The client intends to earn 50 index points. The margin requirement for each contract is 25,000 .
The client considers the market as highly risky. The market may weaken in the future. To address this situation, the client intends to long Crude Oil .
Crude Oil is quoted at 93.00/93.08. The client takes a long position at 93.08. Value per index point is 50. The client intends to earn 50 index points. This requires a margin of 25,000.
Crude Oil does weaken and drop. The price falls to 93.88. In response, the client chooses to close the position at 93.08. The client makes a profit of 300 index points in the trade (93.88-93.08).
If the client takes a long position at 93.08 and closes the position at 93.88, the profit of 80 index points is: 80×50=4,000 . And the total profit is 4000.

  • Price difference: 0.80(Crude Oil short price 93.88 – closing price 93.08 = 0.80)
  • Points earned: +80 (1 base point = 0.01, then 0.80/0.01 = 80)
  • Profit earned: RMB +4,000 (Value per index point = 50, then 80 x 50 = 4,000)

*The above calculations have excluded spreads.

US Daylight Savings Time
  • Trading Hours: Hong Kong Time 06:00 -05:00(+1)
US Winter Time
  • Trading Hours: Hong Kong Time 07:00 – 06:15(+1)

Price Limitations

There are no price limitations for Crude Oil products.

Margin Calculation

Margin = Index points intended to be earned × Value per index point

Gain and Loss Calculation

Long position gain and loss = (Closing price – opening price) × Value per index point
Short position gain and loss = (Opening price – closing price) × Value per index point
*The above calculations have excluded spreads.
*T&C can be changed according to market movements. Please refer to our latest announcements or notifications for the most updated information.