High: Low:
| Spread | 0.005 | Spread (%) | 0.20% |
|---|---|---|---|
| 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 | July 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 extended the latest bull run for a fourth consecutive day despite prices having suffered through Tuesday trading after the API reported a larger stock build than expected. The move was primarily attributed to the Biden administration's announced plans to replenish the SPR later this year.
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The potential railway strike continues to shake up the energy and commodities markets. If a last-ditch attempt to reach an agreement fails, the consequences could be dire.
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Oil dropped after the U.S. asked some of the biggest Oil-consuming countries to join it by tapping into stockpiles to manage global energy prices, according to people familiar with the matter.
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