Brent Oil vs WTI Oil - Brent vs WTI Trading

Brent Oil vs WTI Oil Investing

Type:

PCI

Instrument : &BRENT/WTI

Status: Closed Trading
Change:
Prev. closing
Open price
Today, max.
Today, min.

WTI Brent Crude Description

The personal composite instrument «&BRENT/WTI» reflects the price dynamics of a physically delivered Brent crude oil futures contract against cash settlement WTI crude oil futures contract. The base part of this instrument is composed of 1 barrel of Brent crude oil, and the quoted part - 1 barrel of crude oil of the WTI grade.

Oil is represented by the instruments #C-BRENT and OIL - the continuous CFDs on respective futures. The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.

The trading instrument &BRENT/WTI is used for the analysis and trade of the spread between the two grades of crude oil where one of the futures contracts is physically delivered futures contract while the other is cash settled, which also contributes to the difference.

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Created by professionals for professionals
Use these instruments for analysis and trading
Available exclusively in IFC Markets

Structure

Parameters

Trading hours

Application field

Structure

PCI Components and their volume
Swipe table
&BRENT/WTIAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1#C-BRENT1.00006.01060.1400barrels
Quoted part1OIL1.0005.510055.0600barrels

Parameters

PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
100
The size of 1 pip
0.00001
Margin in USD for the volume and leverage of 1:100
67.96 USD
Creation date
2014-12-19
StandardBeginnerDemo
Fixed spread, pip 227227227
Floating Spread, pip 227227227
Order distance, pip ---
Swap (long/short) in pips on Vol -1.826 / -3.144-1.826 / -3.144-1.826 / -3.144
Available
volumes
>=100.00 10.00 – 893.51 >=10.00
The value of 1 pip in USD for the Vol 000

Trading hours

PCI active trading hours
Week dayTrading hours (CET)Local trading hours
Monday 01:00 — 23:0001:00 — 23:00
Tuesday01:00 — 23:0001:00 — 23:00
Wednesday01:00 — 23:0001:00 — 23:00
Thursday01:00 — 23:0001:00 — 23:00
Friday01:00 — 21:0001:00 — 21:00

Application field

How can PCI be applied in trading?

The personal composite trading instrument &BRENT/WTI is used for Brent oil and WTI oil pair trading, as well as multi-year comparative analysis of the spread and the instruments themselves – Brent oil and WTI oil continuous futures contracts. For example, by building a percentage chart in the NetTradeX terminal for three instruments &BRENT/WTI, #C-BRENT and OIL (Fig.1) the 5-year dynamics of the ratio of prices of these two grades of crude oil and the price dynamics against USD for these grades of oil can be studied.

Brent vs WTI

Trading this personal instrument is analogous to trading the spread between two similar assets.

Limit volumes (USD) for base and quoted parts = 1000.00 ; 1000.00.

To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.

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