Energy is a substance that provides energy to the natural world (mineral energy, nuclear physical energy, atmospheric circulation energy, geographical energy). Energy is the material basis of human activity. In a sense, the development of human society is inseparable from the emergence of high-quality energy and the use of advanced energy technology. In today's world, energy development, energy and the environment are issues of common concern to the whole world and all mankind.
The AFUFX platform can trade energy indices including: WTI UK West Texas Light Oil (US_OIL), Brent Crude Oil (UK_OIL), Gas (NGAS).
Investing in crude oil-related products is one of the fastest growing markets in the global financial market. At present, most of the crude oil trade in the international market is based on the benchmark oil of each major region. The spot oil or the futures trading price of the benchmark oil at a certain period of time before or after the delivery or bill of lading is added as the final settlement price of the crude oil trade. . Geographically, all crude oil produced in North America or sold to North America is based on the spot price of WTI crude oil sold on the New York Mercantile Exchange (NYMEX); crude oil sold from the former Soviet Union, Africa and the Middle East to Europe is Brent Crude oil is used as a benchmark price; crude oil produced in the Middle East oil-producing countries or exported to Asia from the Middle East used to be based on UAE Dubai crude oil as the benchmark oil; the Far East market reference oil is mainly Malaysian Tapis Light Crude Oil (TAPIS) and Indonesian Minas crude oil (MINAS).
WTI crude oil, commodity symbol: US_OIL
Trading organization: barrel
Quote Organization: USD/barrel
1 standard hand trading volume: 1000 barrels
Minimum trading volume: 1 lot, ie 10 barrels
Regular spread: 5 points, or $0.05
Brent crude oil, commodity symbol: UK_OIL
Trading organization: barrel
Quote Organization: USD/barrel
1 standard hand trading volume: 1000 barrels
Minimum trading volume: 1 lot, ie 10 barrels
Regular spread: 5 points, or $0.05