Which Oil and Gas CFDs can I trade on XM? Table of Contents
Available Energy CFDs on XM platforms
On XM’s MT4 and MT5 trading platforms, you can invest in the following Energy CFDs.
- Brent Crude Oil (BRENT)
- London Gas Oil (GSOIL)
- Natural Gas (NGAS)
- WTI Oil (OIL)
- WTI Oil Mini (OILMn)
The main characteristic of energy prices is high volatility, caused by various political and environmental factors.
Energy prices are also affected by supply and demand, the strongest being world economic growth.
In times of economic prosperity, the demand for energy increases, while its consumption decreases when the economy stagnates.
Why trade Energy CFDs on XM?
Not only are the economic changes that affect energy prices, but it is also affected by extreme weather conditions; that can even lead to interruptions in supplies of crude oil, natural gas, and fuel oil.
These conditions are always capable of increasing or reducing the demand for consumer services.
There is no doubt that energy prices are tremendously affected by the political instability present in the world’s largest natural gas fields.
Oil trading is a 24-hour global market, with prices in constant movement.
This market serves as an ideal instrument for intraday traders who are looking for fast market movements and choose CFDs as the easiest way to trade oil prices.
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
XM official website is here.
Please click "Introduction of XM", if you want to know the details and the company information of XM.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!