The whole energy book is WTI and Brent. We don't list natural gas, heating oil, gasoline, or refined products — because the retail-size liquidity at those venues doesn't match what the marketing says. What we do quote, we quote tight, around the clock, every working day.
§ 01 · Doctrine
Curated,
not bloated.
Most brokers carry a dozen energy instruments. Most of those dozen are decorative — the prop desk quoting them runs a per-tick mark-up the size of the underlying tick, and the “typical spread” on the spec sheet only holds at New York lunchtime.
We list WTI and Brent. They are the two crudes that price the rest of the energy complex. WTI tracks the US Cushing benchmark — pipeline crude priced FOB Oklahoma. Brent tracks North Sea seaborne crude, the basis for roughly seventy percent of the world's traded oil.
Trade the OPEC headline, the Wednesday inventory print, the geopolitical risk premium — but with spreads that don't blow out in thin hours. The full barrel of what we'd otherwise pretend to quote is below, with the reason we don't.
— not quotedNATGAS
Henry Hub futures retail liquidity is bait-and-switch.
— not quotedHEATING OIL
Distillate spreads widen by 5× outside US working hours.
— not quotedGASOLINE (RBOB)
Crack-spread instrument, not a stand-alone retail trade.
— not quotedBRENT-WTI SPREAD
Trade it yourself by holding both. We won't synthesise it.
§ 02 · WTI vs Brent
Both are sweet, light crudes. The premium / discount between them is, on its own, one of the most traded macro spreads in the world — typically $2–$5, and it inverts.
Cushing, Oklahoma · pipeline
API gravity
39.6° API
Sulphur
0.24% S
Priced as
FOB Cushing
Trade it for
Key catalysts
North Sea · waterborne
API gravity
38.3° API
Sulphur
0.37% S
Priced as
FOB Sullom Voe
Trade it for
Key catalysts
Brent — WTI
Hold long Brent / short WTI for a geopolitical premium bias. Hold the inverse when US shale outpaces global demand. The spread has flipped to negative as recently as the 2020 storage crunch.
+$2 to +$5
§ 03 · Contract specs
| Symbol | Pip | Contract · 1.00 lot | Typical spread | Max leverage | Benchmark |
|---|---|---|---|---|---|
USOIL | 0.01 | 100 barrels | ~3 cents | 1:200 | WTI · West Texas Intermediate |
UKOIL | 0.01 | 100 barrels | ~3 cents | 1:200 | Brent · North Sea |
Spreads typical and indicative during liquid hours. MT5 publishes the live per-symbol spec on the terminal.
Cash-settled CFD · MT5
§ 04 · The trading week
Near-24h, with one settlement gap
Sun
23:00→
Mon
23→22
Tue
23→22
Wed
23→22
Thu
23→22
Fri
→22:00
Pip arithmetic
$1.00 per pip,
per 1.00 lot.
0.10 lot
$0.10
1.00 lot
$1.00
10.0 lot
$10.0
Contract size is 100 barrels. A one-cent move on a 1.00 lot trade is one US dollar of P&L. Round numbers; no rebates baked in.
Margin · 1:200
A single 100-barrel lot at $80 oil is $8,000 notional — $40 margin.
Leverage may be reduced ahead of OPEC+ meetings, weekly EIA, and other scheduled volatility. Posted in the MT5 economic calendar 24h in advance.
Open a desk
Open a Bullion VIP account in under four minutes. Fund whenever you're ready, then trade USOIL and UKOIL on the same MT5 terminal as the rest of your book. Free demo on request.
Spreads are typical and indicative, sourced from our live execution feed during liquid hours. Final fill terms are published on MT5 per symbol and may differ around rollover, news, or thin liquidity. Trading carries substantial risk of loss.