Trading Specifications
Contract Size
1,000
Min Lot Size
0.01
Max Lot Size
25.00
Lot Step
0.01
Digits
3
Margin
2%
Swap Long
435.55 pts
Swap Short
-899.51 pts
USOIL represents West Texas Intermediate (WTI) crude oil, the primary benchmark for US oil pricing. WTI is a light, sweet crude oil delivered at Cushing, Oklahoma, and is one of the two most-referenced oil benchmarks globally alongside Brent crude. Oil markets trade over $100 billion in daily volume.
Crude oil prices are driven by a complex mix of supply and demand factors: OPEC+ production decisions, US shale output, global economic growth, seasonal demand patterns, geopolitical tensions in oil-producing regions, and strategic petroleum reserve releases. Oil is also sensitive to US dollar strength, as it is priced in USD globally.
At GCC Brokers, USOIL is traded as a CFD with full STP execution. You can go long or short without physical delivery. Oil CFDs are popular among traders in the Gulf region who follow energy markets closely.
Common Questions
Related Instruments
Go long or short on USOIL with STP execution and no dealing desk. Cash-settled, no physical delivery.