UKOIL Trading (Brent Crude Oil)
UKOIL
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.01
Contract Size Currency per 1 Lot Symbol
USD 10 Barrels
Min/Max Trade Size (lots)
1 / 400
Schedule and Fees
Market Open
Sunday 18:00 New York
Market Closed
Friday 16:59 New York
Trading Break
16:59 - 18:00 New York
3 Day Financing
Friday
Long & Short Position Overnight Fee
displayed on the trading platform
FAQs
UKOIL is the trading symbol used by Axi for a CFD based on Brent crude oil, one of the world’s leading international oil benchmarks.
Brent is classified as a light, sweet crude oil. “Light” refers to its relatively low density, while “sweet” means it has a low sulphur content. These qualities make Brent comparatively easy to refine into products such as petrol, diesel and jet fuel.
The benchmark takes its name from the Brent oilfield in the North Sea. Today, the Brent benchmark is based on a broader group of North Sea crude oils and is widely used as a reference price for oil traded across international and seaborne markets.
Brent prices are quoted in US dollars per barrel.
Different brokers and financial platforms may use different names or symbols for Brent-based instruments. Common examples include:
- UKOIL
- Brent Crude Oil
- UK Oil
- XBR/USD
These names commonly refer to instruments based on Brent priced in US dollars, although symbols and contract specifications may differ between providers.
