Titan FX Oil and Gas Trading
Trade Energy Commodities including Crude Oil and Natural Gas
Titan FX recently improved the range of tradable commodities with the addition of two exciting new oil pairs: XBR/USD (Brent Crude or UK Oil) and XTI/USD (West Texas Intermediate Crude or US Oil). Despite the oil market being globalised, local issues can create trading opportunities in different regions; this means we can offer two different oil contracts that are affected by both worldwide issues as well as those closer to home.
Sustained higher oil prices and new extraction technologies have encouraged new exploration into oil fields in the US, reversing the decline in domestic oil production – areas such as North Dakota and Montana have been experiencing exceptional growth in production since 2008. After drilling was initially encouraged by sustained high prices, the price of US oil crashed in 2014 due to an oversupply and inventory build-up – leading to a growing divergence between the price of Brent Crude and WTI.
Another addition to Titan’s improved range is XNG/USD (Natural Gas); this pair has been especially volatile in recent times, being strongly impacted by weather conditions and the price of other fossil fuels. Between 2012 and 2014, the price of Natural Gas tripled in the US, helped by an extreme weather event in winter 2014 known as the ‘Polar Vortex’. An unusually powerful cold snap saw demand for Natural Gas skyrocket due to its use as a heating fuel – the price was pushed sharply higher from two to six dollars, before crashing again in 2014 back down to two and a half dollars. This volatility has provided traders with a number of opportunities, even when other markets have remained calm.
|Brent Oil||XBR/USD||03:00 - 23:59|
|WTI Oil||XTI/USD||01:00 - 23:59|
|Natural Gas||XNG/USD||01:00 - 23:59|
|Energy (Oil & Gas)||Standard/Islamic|
Brent Crude vs US Dollar
|0.59 pips||0.59 pips
Natural Gas vs US Dollar
|4.46 pips||4.46 pips
West Texas Intermediate vs US Dollar
|0.57 pips||0.57 pips