| Spread | 0.04 | Spread (%) | 0.06% |
|---|---|---|---|
| Overnight funding - Buy | -0.0358% | Overnight funding - Sell | -0.008% |
| Initial margin | 10.00% | Maintenance margin | 5.00% |
| Leverage | 1:10 | Expires daily | No |
| Futures Contract | August 2023 | ||
| Automatic rollover | |||
| Name | Sell | Sell button / Change | Buy | Change Change | Change Change | Change Change | |||
|---|---|---|---|---|---|---|---|---|---|
| {{item.Name}} | {{item.SellPrice}} | Sell | Buy | {{item.ChangePercentText}} | Trade | ||||
Oil prices hit a 5-week low on Tuesday due to US economic concerns, debt ceiling, and Fed's hike expectations. Major oil producers also reported mixed earnings, with Morgan Stanley cutting its Q3 forecast for Brent.
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Winter storms caused supply concerns in the U.S., while China lifted COVID-19 restrictions, boosting Oil’s prospects.
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Today’s Oil traders have kept black gold’s price per barrel from falling by the same amount as was seen last Friday. However, a host of different factors could stand to affect the course of global petrol markets over the near term.
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