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Future (OTC) Energies



Future (OTC) Energies traded at JMI Brokers are: Light Sweet Crude Oil, Natural Gas.

Crude oil is the raw material that is refined into gasoline, heating oil, jet fuel, propane, petrochemicals, and other products. In today's complex global markets, the price of crude oil is set by movements on the three major international petroleum exchanges the New York Mercantile Exchange, the International Petroleum Exchange in London and the Singapore International Monetary Exchange.

Prices of crude oil have always been volatile and are greatly influenced by supply and demand. They behave much as any other commodity with wide price swings in times of shortage or oversupply and in times of political instability. The crude oil price cycle may extend over several years.

There are two types of crude oil, sour crude is primarily the type of crude that comes from OPEC, as opposed to West Texas Intermediate (WTI) or sweet crude. The WTI price is traded on the New York Mercantile Exchange (NYMEX).

Crude oil began futures trading on the NYMEX in 1983 and is the most heavily traded commodity. It trades in units of 1,000 US barrels i.e. 42,000 US gallons (1 contract), and the price is quoted in dollars and cents per barrel. The minimum price fluctuation in the price of crude oil is US$ 0.001per barrel (US$ 10 per contract).

Crude oil Futures trading has always been of tremendous interest to speculators who hope to profit from the ever changing price of this commodity.
JMI Brokers offers (OTC) Light Sweet Crude Oil and Natural Gas Contracts. Crude Oil and Natural Gas are the world's most actively traded Energy contracts. Both contracts have Transparent pricing and deep liquidity and easy-to-access industry information.

  • Specification

  • Product Name

    Symbol

    Contract Size

    Spread

    Order

    Minimum Fluctuation

    Margin

    Months Traded

    Trading Hours (GMT)

    Light Sweet Crude Oil

    CL

    1000 Barrel

    Market Spread

    0.30

    0.01 tick =$10.0

    2,000 USD

    All year.

    Sun Open: 23:00 - 22:15

    Reopen: 23:00 - 22:15

    Fri Close: 22:15

    Natural Gas

    NG

    10,000 Million (mmBtu)

    Market Spread

    0.30

    0.005 tick  = $12.5

    2,000 USD

    All year.

    Sun Open: 23:00 - 22:15

    Reopen: 23:00 - 22:15

    Fri Close: 22:15

  • Trading Examples

    • Buying Crude Oil contract

      • (Opening price - closing price) - (67.125 - 66.40=0.725 points)
      • Loss = (0.725*Contract Size* No. of lots) = (0.725*1000*5=3625$)
      • Gross loss = 3625 $

    A client believes that the price of light sweet crude oil contract will rise according to political reasons, the market now is 67.10/67.125. The client buys 5 lots of oil at 67.125. Out of expectations the oil price falls to 66.40/66.45. The client decides to sell 5 lots (close current positions) at 66.40. To calculate the loss of this client we should do the following:
    *Commission charges are NOT included in the above calculations.

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