Oil Trading Hours UK: When is the Best Time to Trade Oil?

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Find out more about our oil product details

IG offers CFD trading on spot crude, oil futures and daily US crude options. Oil options can be traded from 14:30 (UTC+8) to 2.27am (UTC+8). You can find more information about our daily, weekly and monthly options offering on our dedicated options trading page.

CFDs enable you to speculate on the price of oil without having to take ownership or delivery of the underlying market. This means that they can be used to take a position on the price of oil rising (by going long), as well as falling (by going short).

To trade oil today, follow the steps below:

Create or log in to your IG account
Understand what moves the price of oil
Decide whether you want to go long or short
Take steps to manage your risk
Open and monitor your position

When is the best time to trade oil?

The best time to trade oil will depend on the current balance between supply and demand in the oil market. Any supply cuts made by the Organization of the Petroleum Exporting Countries (OPEC) will surely cause the price to rise – assuming demand remains the same. Any supply increases will surely cause the price to fall – with consistent demand.

Other factors will also affect the price of oil, such as the strength of the US dollar or any possible trade disputes between key oil producers – such as the US and Russia.

A popular time to trade oil is between 20:00 (UTC+8) and 13.30 (UTC+8) – which is when the New York Mercantile Exchange (NYMEX) is open, and the market often sees high liquidity.

However, because you can speculate on the price of oil rising and falling with CFDs, there is no one ‘best’ time to trade oil because you have the opportunity to profit from both rising and falling markets. That said, it is still important to carry out your own analysis on the oil markets to help you determine whether the price is going to rise or fall.

Learn more about what moves the price of oil

What are the ways to trade oil?

You can trade oil with CFDs on spot prices, on oil futures or on oil options.

Spot prices enable you to take a position on the current market value of oil
Trading futures enables you to take a position on the price of oil futures rising or falling
Trading oil options means that you are speculating on the price of oil options

Learn more about options trading



This article was originally published by a www.ig.com

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