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Heating Oil HO
High: Low:
A popular energy commodity, traded on the New York Mercantile Exchange Future-CME
Traders' Sentiments
% Buyers
% Sellers
Info
A popular energy commodity, traded on the New York Mercantile Exchange Future-CME
| Spread | 0.0031 | Spread (%) | 0.11% |
|---|---|---|---|
| Overnight funding - Buy | -0.0338% | Overnight funding - Sell | -0.0101% |
| Initial margin | 10.00% | Maintenance margin | 5.00% |
| Leverage | 1:10 | Expires daily | No |
| Futures Contract | March 2023 | ||
| Automatic rollover | |||
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Plus500 News & Market Insights
What Is Driving Oil Prices Higher?
WTI prices continued to rise on Wednesday on the back of several drivers, including Fed Chair's remarks, Chinese demand, the earthquake in Turkey and more.
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Slower Economic Activity Slips into the Oil Markets
The first week of 2023 was not kind to the oil market, with the API showing stockpiles more than doubling expectations. Despite economic activity slowing down, China is making moves to import more oil, signalling a more robust demand.
Read More
Oil Prices Rebound
Oil prices have been rising over the past week, with both Crude and benchmark Brent Oil on an upward trend. The beginning of summer as well as rebounding Chinese demand could be the proximate causes.
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