You can now trade Oil and Gas at Mt.Cook, the two most heavily traded commodities in the world as Contracts For Difference (CFDs).
Why Trade Oil and Gas Natural Resources?
Despite the recent advancement in renewable energies, fossil fuels still largely make up the vast majority of world energy usage and as such are of high importance to our global economy, and thus to traders as well.
Crude oil in particular is extremely important to traders due to its extensive use in transportation and production, and its heavy impact on not only the big commodity currencies, but the global financial system as a whole.
Energy CFD Specifications
Click below to find a full listing of our Energy CFDs available for trading and their specifications.
APPLY TODAY! Applications are quick, digital and take 4 minutes
Energy Trading FAQs?
Have a browse below...
1) How does Energy CFD trading work at Mt.Cook?
You can trade our Energy CFDs both long and short, by taking a position on our trading platforms just as you would with any other instrument. On most energies you are trading a number of units of a commodity against the US dollar. For example, one contract of XTIUSD is 1000 barrels of WTI (West Texas) crude oil.
2) What is the difference between XBR and XTI oil?
XTI is the ticker for Western Texas Intermediate Crude Oil (often quoted as WTI or USOIL). WTI is extracted from oil fields in the United States – primarily Texas, Louisiana and North Dakota.
XBR is the ticker for Brent Crude Oil (often quoted as Brent Crude or UKOIL). WTI is extracted from oil fields in the North Sea. ‘Brent Crude’ refers to a blend of four crude oils – Brent, Forties, Osberg, and Ekofisk which together are known as BFOE.
3) Where can I find your Energy CFD Specifications?
You can download the Energy CFD Contract Specifications for both of our ECN and DMA liquidity sources above on this page.
4) Do I need to take physical delivery of these commodities
No. These are CFD commodity derivatives, not physical deliverable commodities. This means you are simply trading the price movement of the underlying physical asset.
5) Do the Energy CFD contracts expire?
Our energy CFDs have no contract expiration on our ECN, so traders can enjoy a very flexible and uninterrupted trading experience. Some of the energy instruments on our DMA stream, do have futures expiration dates.
6) Where is your Energies liquidity sourced from?
Our commodities liquidity is independently sourced from a diversified mix of non-bank OXO liquidity sources, providing a mix of great market depth and tight spreads. The liquidity source for our commodities is very different between our ECN and DMA streams.