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Crude Oil is one of the most actively traded commodities in the world. Whether you are a long term trader or you focus on day trading futures, Crude Oil is a better commodity to trade among all. Its popularity among investors makes it's market super active. Oil prices can be unpredictable, and it fluctuates with the smallest influence of news related to crude oil pricing, which is a favourite moment for day traders who are looking for that edge.
Why Crude Oil is more significant among all commodities?
The price of crude Oil influences the cost of many other assets, including stocks, bonds, currencies, and even other commodities. The reason is Crude Oil continues to be a significant source of energy for the world, despite increased interest in the renewable energy sector.
When it comes to oil trading, risk management techniques are essential for the traders and investors and other various stakeholders such as producers, exporters, marketers, processors, and SMEs. To consolidate competitiveness among commodities through price risk management, using risk management financial instruments like Crude Oil Futures offered mostly on the MCX platform is extremely important.
Crude Oil Contract Specs:
There two central Crude oil contracts which are traded on the MCX platform are–
Crude Oil (main contract)
Crude Oil Mini (baby version)
Trading like a pro on their first attempt is an impossible thing. Especially, trading crude can be very confusing when you first get into it, and it's vital that you should memorize the below-mentioned specifications before considering oil trading.
Both the contracts differ in the lot size. Lot size of the big crude is 100 barrels, and 10 barrels is the size of crude mini's.
On a per-barrel basis, the price is quoted.
The new crude oil contracts are introduced every month, and it expires six months later.
The Expiry date falls on the 19th of every month.
The current month crude oil contract attracts maximum liquidity.
You can execute arbitrage between the two crude contracts, but it's required to ensure that the contract values are similar.
What do you get from our MCX-Crude Oil Frontpage community?
MCX CRUDEOIL community is all about discussions related to its pricing, oil trading strategies, market information, and latest crude oil news.
You can find Price Charts on CRUDEOIL futures traded on MCX.
You can also follow the ‘Newsbot’ account of FrontPage for all the latest share market news (Moneycontrol, Economictimes, Business Standard, Livemint) across all stocks.