CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Oil trading

Take advantage of rising and falling crude oil markets with CFDs on our award-winning platform.1

Start trading today. Call +61 3 98601799 or email helpdesk.en@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: +61 3 9860 1799

Start trading today. Call +61 3 98601799 or email helpdesk.en@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: +61 3 9860 1799

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

Achieve your trading goal

Trade on oil and oil-linked ETFs with our leveraged service

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 with IG?

  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 – both available via CFDs. Your choice will depend on your experience level and trading strategy.

Undated 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

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

Deal seamlessly, wherever you are

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

Feel secure with a trusted provider

IG International is a member of IG Group which has over 45 years of experience offering 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

Deal seamlessly, wherever you are

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

Feel secure with a trusted provider

IG International is a member of IG Group which has over 45 years of experience offering 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)
Prices above are subject to our website terms and conditions. Prices are indicative only.

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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.

Trading oil CFDs with us

CFD trading
What is it? Speculate on whether an asset’s price will rise or fall between opening and closing your trade
Available markets Oil company shares, commodity markets and oil-linked ETFs
Benefit Go long or short on market prices
Risk Trading with leverage can magnify your profit, as well as your losses
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 20

Market Retail
Oil - US Crude 1.5%
Oil - Brent Crude 1.5%
Heating Oil 1.5%
No Lead Gasoline 1.5%

Spreads are subject to variation, especially in volatile market conditions. Our dealing spreads may change to reflect the available liquidity during different times of day. Our normal spread is shown in the table.
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 our award-winning trading platform1

  • 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.

You might be interested in…

If you're an active trader, you could get cash rebates when trading oil

Manage your risk with our range of tools.

Discover our cutting-edge web and mobile platforms.

1 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.