Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Oil trading

Take advantage of rising and falling crude oil markets with CFDs and spread bets, on the UK’s best trading platform.1

Start trading today. Call 0800 195 3100 or email newaccounts.uk@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: 0800 195 3100

Start trading today. Call 0800 195 3100 or email newaccounts.uk@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: 0800 195 3100

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 share dealing 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?

  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 through spread betting and 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

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

Deal 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)
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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

Spread bet or trade CFDs on the price of oil and oil-linked assets. Or invest in oil company shares or ETFs with our share dealing service.

Spread betting CFD trading Share dealing
What is it? Place a bet on the direction you think the price of an asset is headed 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, 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 protection3 Losses can exceed deposits, but retail clients benefit from negative balance protection3 Risk is limited to your initial outlay
Tax status No capital gains tax (CGT) or stamp duty2 No stamp duty, but you do pay CGT. Offset losses against profits for tax purposes2 You’d pay stamp duty and CGT on profits, except trades made using a stocks and shares ISA or SIPP2
Learn 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 spread bets or CFDs. It is the difference between the buy and sell price that we wrap around the underlying market price.

Margin

Spread bets and 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 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 platform1

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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Manage your risk with our range of tools.

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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.
2 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
3 Negative balance protection applies to trading-related debt only, and is not available to professional traders.