OIL Price | SimpleFX: Free Trading & Investing App ```json { "@context": "https://schema.org", "@type": "FinancialProduct", "name": "Oil", "description": "Trade Oil with SimpleFX. Real-time financial instrument trading with competitive spreads, and professional trading platform.", "identifier": "OIL", "category": "Financial Instrument", "provider": { "@type": "FinancialService", "name": "SimpleFX", "url": "https://basitfx.com", "description": "Online Trading Platform", "areaServed": "Worldwide" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/oil" }, "url": "https://basitfx.com/instruments/oil", "sameAs": [ "https://www.cmegroup.com/company/nymex.html" ], "offers": { "@type": "Offer", "price": 101.79, "priceCurrency": "USD", "availability": "https://schema.org/InStock", "seller": { "@type": "FinancialService", "name": "SimpleFX" } }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Spread", "value": "0.04 pips" }, { "@type": "PropertyValue", "name": "Contract Size", "value": 100 }, { "@type": "PropertyValue", "name": "Margin Currency", "value": "USD" } ] } ``` ```json { "@context": "https://schema.org", "@type": "InvestmentOrDeposit", "name": "OIL Trading", "description": "Learn how to trade OIL with SimpleFX's professional trading platform.", "category": "Trading Strategy", "provider": { "@type": "FinancialService", "name": "SimpleFX" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/oil" } } ``` ```json { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://basitfx.com" }, { "@type": "ListItem", "position": 2, "name": "Instruments", "item": "https://basitfx.com/instruments" }, { "@type": "ListItem", "position": 3, "name": "Commodities", "item": "https://basitfx.com/instruments/?category=commodities" }, { "@type": "ListItem", "position": 4, "name": "OIL" } ] } ``` ```json { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is Oil (OIL) and how can I trade it?", "acceptedAnswer": { "@type": "Answer", "text": "Oil (OIL) is a financial instrument CFD available on SimpleFX. You can trade it by creating a free account, depositing funds, and opening a position directly from the trading platform. No minimum deposit is required." } }, { "@type": "Question", "name": "What is the spread on OIL?", "acceptedAnswer": { "@type": "Answer", "text": "The target spread on OIL at SimpleFX is 0.04 pips. SimpleFX uses a spreads-only pricing model with no additional commissions." } }, { "@type": "Question", "name": "What leverage is available for OIL?", "acceptedAnswer": { "@type": "Answer", "text": "OIL can be traded with up to 1:200 leverage on SimpleFX, which corresponds to a margin requirement of 0.50%. Leverage amplifies both potential gains and losses." } }, { "@type": "Question", "name": "What currency is OIL margined in?", "acceptedAnswer": { "@type": "Answer", "text": "OIL positions on SimpleFX are margined in USD. Your account balance in USD is used to cover the margin requirement for this instrument." } }, { "@type": "Question", "name": "What is the contract size for OIL?", "acceptedAnswer": { "@type": "Answer", "text": "The standard contract size for OIL on SimpleFX is 100. Position sizes are calculated based on this contract unit." } } ] } ``` 78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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English AR - العربية ES - Español FR - Français HI - Hindi ID - Bahasa Indonesia KO - Korean MY - Malay PT-BR - Português RU - Русский TH - ภาษาไทย TR - Türkçe VI - Tiếng Việt ZH - 中文 * [](/ "Home") * [Instruments search](/instruments) * [Commodities instruments](/instruments/?category=commodities) * OIL [Oil price](https://app.basitfx.com/instruments/OIL) ==================================================== Oil --- 101.72 USD \-0.27 (-0.26%) 1H 4H 1D 1W 1MN OIL Key Statistics ------------------ Open price 102.03 High today 102.36 Low today 100.53 52 Week high 119.405 52 Week low 54.865 ##### Trading hours \-12:00 \-11:00 \-10:00 \-09:00 \-08:00 \-07:00 \-06:00 \-05:00 \-04:00 \-03:00 \-02:00 \-01:00 UTC 00:00 +01:00 +02:00 +03:00 +03:30 +04:00 +04:30 +05:00 +05:30 +05:45 +06:00 +07:00 +08:00 +09:00 +09:30 +10:00 +11:00 +12:00 +12:45 +13:00 +14:00 UTC 00:00 Sunday \- Monday \- Tuesday \- Wednesday \- Thursday \- Friday \- Saturday \- ##### Symbol trading specification Description OIL Exchange NYMEX Base Currency USD Quote Currency USD Contract size 100 Margin 0.50%\* \* for 1:1000 account leverage Tick size 0.01 Target Spread 0.04 Stop levels 0 Swap - Buy \-0.1135% Swap - Sell \-0.0697% Minimum contract size 0.01 Maximum contract size 100 Type Commodities [Trade Oil](https://app.basitfx.com/instruments/OIL/chart) ### About OIL **The oil price is a dynamic and often volatile aspect of the commodities market, reflecting several factors ranging from geopolitical tensions to supply and dynamics. Understanding the oil price is essential for investors and traders aiming to navigate the energy sector effectively.** #### What is OIL? Oil, a fundamental energy commodity, powers industries and transportation worldwide, making its price a significant economic indicator. For those interested in the commodities market, the SimpleFX platform offers a demo account, allowing users to practice trading strategies without financial risk. This feature is used mainly for beginners, as it provides a hands-on learning experience. There is no minimum deposit required even after switching to a live account. Learning [how to trade OIL](/how-to-trade/OIL) in such a risk-managed environment can be invaluable for novice and experienced traders. #### How does OIL work? Trading OIL involves understanding its global demand, production rates, and geopolitical factors that may affect its price. On the SimpleFX platform, traders can invest in oil using futures contracts, which are agreements to buy or sell the commodity at a predetermined price at a specific future date. This method allows traders to speculate on the oil price movements. Factors such as geopolitical tensions, changes in production quotas by OPEC, and shifts in energy consumption patterns significantly impact a commodity's dynamics. Understanding [how to invest in OIL](/how-to-invest-in/OIL) requires a grasp of these dynamics and the ability to navigate them through SimpleFX. #### Current OIL price The current **OIL price** is subject to fluctuation due to the market's volatility. Investors can check it on the chart, the SimpleFX Webtrader platform, or the mobile app. #### OIL price history The history of oil prices is marked by periods of extreme volatility, influenced by geopolitical conflicts, natural disasters, and technological advancements in energy extraction and production. Historically, prices have fluctuated dramatically, reflecting changes in supply and demand, OPEC policies, and global economic conditions. These historical trends provide context for current price movements and should be analyzed for informed trading decisions. #### OIL market cap The market capitalization of oil, or its total market value, is a moving figure that reflects the aggregated value of all outstanding contracts at the current price. In the chart above, traders eager to learn [how to invest in commodities](/how-to-invest-in/commodities) can check the current OIL price and its market cap on the SimpleFX platform. [Read more Close](#) Similar instruments [Brent BRENT 107.58  +0.24 (+0.22%)](/instruments/BRENT)  [Cocoa COCOA 4 206  \-363.00 (-7.91%)](/instruments/COCOA)  [Coffee COFFEE 286.21  +4.60 (+1.64%)](/instruments/COFFEE)  [Corn CORN 480.17  +2.25 (+0.47%)](/instruments/CORN)  [Cotton COTTON 86.73  +0.59 (+0.69%)](/instruments/COTTON)  [Naturalgas NATGAS 2.827  +0.00 (+0.18%)](/instruments/NATGAS)  [Soybean SOYBEAN 1 228.74  +4.00 (+0.33%)](/instruments/SOYBEAN)  [Soybean Oil SOYOIL 75.13  +0.04 (+0.05%)](/instruments/SOYOIL)  [Sugar SUGAR 15.12  +0.17 (+1.14%)](/instruments/SUGAR)   ##### Trade Oil the Simplest way. [Trade OIL](https://app.basitfx.com/instruments/OIL/chart) Don't have an account yet? [Open it!](https://app.basitfx.com/signup) Simple account opening. Simple way to start investing. No fees and no minimum deposits Enter your e-mail I accept the [Terms of Use](https://basitfx.com/legal-documents) & [Privacy Policy](https://basitfx.com/privacy-policy/). 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CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Tax may be payable on any profits and you should seek independent advice on your taxation position. 2026 SimpleFX. All rights reserved. [ Write to us. We respond 24/5. ](https://app.basitfx.com/login?action=open-livechat)