Oil trading
Take advantage of rising and falling crude oil markets with CFDs, on the UK’s best trading platform.1
Start trading today. Call +971 (0) 4 5592108 or email sales.ae@ig.com. Our sales team is available from 8:00am to 6:00pm (Dubai time), Monday to Friday.
Why trade oil with us?
Find opportunity in negative prices
Trade oil even if the market turns negative, something you won’t find anywhere else
Keep your costs down
Get competitive prices on Brent and US Crude – with spreads from just 2.8 points
Trade continuous oil markets
Take a position on oil spot prices with our unique undated market offering
Protect your capital
Attach a guaranteed stop to minimise your risk – even when markets are volatile
Discover your route to the markets
Deal on oil and oil-linked ETFs with our leveraged or stock trading services, depending on your goals
Get trade ideas in real-time
See minute-by-minute news updates on oil markets with our in-platform Reuters feed
What is oil trading?
Trade oil to speculate on whether the commodity’s market price will rise or fall. With us, you won’t have to take ownership of the underlying asset or worry about physical delivery.
How can I trade oil in the UK?
- Open a trading account
- Find an opportunity
- Take a position
- Monitor your trade
Which is better: spot oil or oil futures?
You can trade oil markets on our undated ‘spot’ markets or futures prices – both available through CFDs. Your choice will depend on your experience level and trading strategy.
Spot oil markets
Our proprietary ‘spot’ prices. They cost less to open, but you’ll pay an overnight funding charge.
- Take short-term positions – suitable for beginners and experienced traders
- Reflective of the underlying market but with no fixed expiries
- Perform technical analysis over the longer term with continuous charting
Oil futures
Contracts to buy and sell oil at a set price on a set date in the future. They cost more to open, but less to hold overnight.
- Trade over a longer time period with no overnight funding fees
- Positions still open at expiry will get rolled over to the next month
- Get a clear overview of your contract’s price within its date range
Start trading oil now
Demo accounts are only available for CFD trading.
Start trading oil now
Fast execution on a huge range of markets
Enjoy flexible access to 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app*
Feel secure with a trusted provider
With more than 45 years of experience, we’re proud to offer a truly market-leading service
*Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
Demo accounts are only available for CFD trading.
Start trading oil now
Start trading oil now
Fast execution on a huge range of markets
Enjoy flexible access to 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app*
Feel secure with a trusted provider
With more than 45 years of experience, we’re proud to offer a truly market-leading service
*Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
Popular oil markets to watch
Take advantage of a range of oil markets, including:
- Crude oil markets
Trade popular oil types such as Brent Crude or West Texas Intermediary (US Crude) - Oil companies
Speculate on the future of companies within the oil industry by buying and selling shares - Oil-linked ETFs
Get diversified exposure to oil or oil companies via an exchange traded fund (ETF)
Prices above are subject to our website terms and conditions. Prices are indicative only.
Looking for another commodity to trade? Use our market tool to find charts, data and news on the commodities you’re interested in.
Ways to trade oil with us
Trade CFDs on the price of oil and oil-linked assets. Or invest in oil company shares or ETFs with our stock trading service.
| CFD trading | Stock trading | |
| What is it? | Speculate on whether an asset's price will rise or fall between opening and closing your trade | Buy and sell company shares or ETFs. You'll take ownership of the assets – which means you could receive dividends |
| Available markets | Oil company shares, commodity markets and oil-linked ETFs | Oil company shares and oil-linked ETFs |
| Risk | Losses can exceed deposits, but retail clients benefit from negative balance protection1 | Risk is limited to your initial outlay |
| More | Learn more | Learn more |
Oil costs and details
Spreads
The spread is our charge for executing your trade, and your main cost when trading oil via CFDs. It is the difference between the buy and sell price that we wrap around the underlying market price.
Margin
CFDs are leveraged, which means you can trade for the fraction of the cost of buying oil outright. The deposit you pay to open a position is called margin.
| Market | Spread for oil futures | Spread for undated oil markets |
| Oil - US Crude | 6 | 2.8 |
| Oil - Brent Crude | 6 | 2.8 |
| Heating Oil | 30 | 20 |
| No Lead Gasoline | 30 | 30 |
| Market | Retail | Professional |
| Oil - US Crude | 10% | 1.35% |
| Oil - Brent Crude | 10% | 1.35% |
| Heating Oil | 10% | 1.35% |
| No Lead Gasoline | 10% | 1.35% |
Your spread will vary depending on whether you trade oil futures or undated contracts. Futures have a wider spread, but no overnight funding charges – so are more cost-effective for longer-term trades.
Your profit and loss are based on the full value of the position – not just the margin. So leverage can magnify your profits, as well as your losses.
Start trading oil on the UK’s best trading platform2
Trade crude oil and other oil-linked markets on our suite of award-winning platforms.2
- Web-based platform
- Mobile trading app
- Meta Trader 4
Seize your opportunity with our user-friendly web trading platform.
You’ll find everything you need to trade oil markets, including risk management tools, our integrated Reuters feed and customisable alerts that notify you when your target price is hit.
Trade wherever you are, whenever you want with our trading apps for iOS and Android devices. You’ll get the same great features as the web app, including risk management tools and Reuters live stream.
Automate your trading and perform advanced analysis using over 18 bespoke apps with MT4 – a popular third-party platform for experienced traders.
Download it for free to start trading oil spot prices, as well as other commodities, forex pairs and indices.
Open your account
It's free to open an account, and there's no obligation to fund or trade.
Open your account
It's free to open an account, and there's no obligation to fund or trade.
Start trading today
Create a commodities trading account now.
Start trading today
Create a commodities trading account now.
Get the latest oil news
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Get fast, reliable execution and the best available prices.
Manage your risk with our range of tools.
Discover our cutting-edge web and mobile platforms.
* Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019. Best trading app as awarded at the ADVFN International Financial Awards 2020.
1 Negative balance protection applies to trading-related debt only, and is not available to professional traders.
2 Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019. Best trading app as awarded at the ADVFN International Financial Awards 2020.
Contact
New clients
+971 4559 2108
sales.ae@ig.com
Existing clients
+971 4559 2108
sales.ae@ig.com
Phone lines open
24/7 except Sat 2am - 12pm (GMT+4)
Start a WhatsApp chat
WhatsApp line open
Monday-Friday
8am-5pm (GMT+4)
Connect with us
Disclaimers
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Professional Clients can lose more than they deposit.
- The value of shares and ETFs bought through an IG stock trading account can fall as well as rise, which could mean getting back less than you originally put in. Please ensure you fully understand the risks and take care to manage your exposure.
- IG does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. IG is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
- IG is a trading name of IG Limited a company registered at 2702 & 2703 Level 27, Tower 2, Al Fattan Currency House, DIFC, Dubai, United Arab Emirates. IG is authorised and regulated by the Dubai Financial Services Authority (DFSA) under reference No. F001780.
- The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UAE and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
