Oil trading

Take advantage of rising and falling crude oil markets with CFDs, with Australia's No 1 CFD provider.1

Start trading today. Call 1800 601 799 or email newaccounts.au@ig.com. We’re here 24 hours a day, except from 9am to 7pm Saturdays (AEDT).

Contact us: 1800 601 799

Start trading today. Call 1800 601 799 or email newaccounts.au@ig.com. We’re here 24 hours a day, except from 9am to 7pm Saturdays (AEDT).

Contact us: 1800 601 799

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 risk2 – even when markets are volatile

Discover your route to the markets

Trade oil and oil-linked ETFs with our leveraged or share 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?

  1. Open a trading account
  2. Find an opportunity
  3. Take a position
  4. Monitor your trade

Which is better: undated markets or oil futures?

You can trade oil markets on our undated ‘spot’ markets or futures prices – available only through CFDs. Your choice will depend on your experience level and trading strategy. Learn more about undated commodities here.

Undated oil markets

Our proprietary ‘spot’ prices. They cost less to open, but you’ll pay an overnight funding charge for each day that you hold the position.

  • Take short-term positions
  • 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 automatically
  • Get a clear overview of your contract’s price within its date range

Start trading oil now

Start trading oil now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Trade seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Start trading oil now

Start trading oil now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Trade seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Start trading oil now

Log in to your account now to access today’s opportunity in a huge range of markets.

Start trading oil now

Log in to your account now to access today’s opportunity in a huge range of markets.

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)
terms and conditions. Prices above are indicative only.

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Prices above are subject to our website terms and conditions. Prices above 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 share trading service.

CFD trading Share trading
What is it? Speculate on whether an asset’s price will rise or fall between opening and closing your trade without taking ownership of the underlying asset Buy and sell company shares or ETFs. You’ll take ownership of the assets – which means you could receive dividends
Main benefit Go long or short on market prices Take ownership of shares to gain voting rights and dividends if paid
Available markets Oil company shares, commodity markets and oil-linked ETFs Oil company shares and oil-linked ETFs
Risk Losses can exceed deposits Risk is limited to your initial outlay
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. Spreads are subject to variation, depending on market conditions.

Margin

CFDs are both 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 20

Market Retail Pro level 1 Pro level 2
Oil - US Crude 10.0% 2.5% 1.20%
Oil - Brent Crude 10.0% 2.5% 1.20%
Heating Oil 10.0% 2.5% 1.20%
No Lead Gasoline 10.0%

2.5%

1.20%

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. Spreads are subject to variation.

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 with Australia's No 1 CFD provider1

Trade crude oil and other oil-linked markets on our suite of award-winning platforms.1

  • 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.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

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1Number 1 in Australia by primary relationship, CFD & FX, Investment Trends December 2020 Leveraged Trading Report
2A small premium will be charged if your guaranteed stop is triggered.
3Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019. Best trading app as awarded at the Investors Chronicle and Financial Times Investment and Wealth Management Awards 2018, and at the Professional Trader Awards 2019.