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 Crude oil

 

Crude oil is one of the world's most important natural resources and one of the most frequently traded commodities. Spot crude oil trade can be carried out in the Universe Wheel. It is a spot contract in which a specific quality of crude oil is the subject matter and it is a CFD transaction, not involving the commodity itself, and the risk protection only is margin. The T+0 trading system suitable for cash is implemented, which can be bought up or down with no restriction, small risk, and flexible settlement. For investors, it has stronger investment than other types of transactions and high income. The Universe Wheel now provides customers with widely traded US crude oil (West Texas Intermediate crude) and Brent crude oil, allowing investors to trade easily with just one account.

 

Brent crude oil (BRENT-IPE)

 

It is mainly produced in the Brent area of the North Britain of the North Atlantic Ocean, and widely traded in future, OTC swaps, forward and spot physical market. BRENT crude oil, the core of the global oil pricing system today, is considered “a highly flexible tool to avoid risks and conduct transactions". About 70% of the international crude oil trades directly or indirectly take the price formed in the Brent market system as a price benchmark.

 

The West Texas crude oil (WTI-NYMEX)

 

It is mainly produced in the United States, and in common use in North America. Light and low-sulfur WTI is taken for all crude oil produced in the United States or sold to the United States when valued. With good liquidity and high price transparency, the Crude Oil Future Contract is one of the three benchmark prices.