POWER SOURCE
Energy is the material that provides energy conversion to nature (mineral energy, nuclear physical energy, atmospheric circulation energy, geographical energy). Energy is the material basis of human activities. In a sense, the development of human society cannot be separated from the emergence of high quality energy and the use of advanced energy technology. In today's world, the development of energy, energy and environment are the common concern of the whole world and all mankind.
The Etches platform allows trading of energy indices, including: WTI West Texas Light OIL (US OIL), Brent crude oil (UK OIL), and NGAS.
Crude oil
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Investing in crude oil related products is one of the fastest growing markets in the global financial market. At present, the crude oil trade in the international market is mostly priced according to the benchmark oil of various major regions. It takes the spot or futures trading price of the benchmark oil in a certain period of time after the delivery date or the bill of lading date plus a rising discount as the final settlement price of the crude oil trade. By geography, all crude produced or sold in North America is based on the spot price of WTI crude traded on the New York Mercantile Exchange (NYMEX); Shipments from the Soviet Union, Africa and the Middle East to Europe are priced in Brent. The crude oil produced by or sold from the Middle East to Asia used to be based on Dubai crude of the United Arab Emirates. The main reference for the Far East market is Malaysia's TAPIS and Indonesia's MINAS.
Crude oil pricing
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WTI crude OIL, symbol: US OIL
- Trading organization: Barrels
- Quotation organization: USD barrel
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1 Standard hand volume: 1000 barrels
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Minimum volume: 0.1 lot, or 10 barrels
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Brent crude oil, symbol: UK_OIL
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Trading organization: Barrels
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Quotation organization: USD barrel
- 1 Standard hand volume: 1000 barrels
- Minimum volume: 0.1 lot, or 10 barrels
