In terms of product value, petroleum (gas) and energy are the largest business in the world. Crude oil is the most actively traded commodity worldwide. The price of Oil has been a major topic economically due to an incredibly fast rise followed by an even faster drop in 2008. As a result of improved information and a very liquid and fast moving market, Oil and Natural Gas products have become a fast-growing segment for retail investors.
All the energy products we offer are traded on the NYMEX exchange except the Brent Crude which is traded on the ICE. The New York Mercantile Exchange (NYMEX) is the world’s largest physical commodity futures exchange, located in New York City. The price you see is the market price on the exchange at any given time. The ICE exchange has a focus on energy products, and its flagship commodity is Brent crude oil.
With PIPTRADE you can trade on 5 types of energy products. We offer futures contracts of the following commodities, (with their product codes in brackets): Crude Oil (CL), Brent Crude oil (LCO), Natural Gas (NG), Gasoline (RB) and Heating oil (HO).
Price Chart for Crude Oil