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GCC Brokers Limited (company no. 193243) is licensed and regulated by the Financial Services Commission of Mauritius as an Investment Dealer (Full Service Dealer, excluding Underwriting), licence no. GB22200739.


GCC Brokers Limited Representative Office (licence no. 1202392, Office 302, The Exchange Tower, Business Bay, Dubai, UAE) is a representative office of GCC Brokers Limited. It does not hold client money and is not licensed or regulated by any financial services regulator in the United Arab Emirates.

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Trading FX and CFDs on leverage carries significant risk and may not be suitable for all investors. You may lose more than your initial deposit. Consider your financial situation and seek independent advice before trading.

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Commodities

UKOIL

Trade Brent Crude Oil with tight spreads and STP execution—fully automated execution.

Trading Specifications

UKOIL Specs

Symbol

UKOIL

Contract Size

1,000

Min Lot Size

0.01

Max Lot Size

25.00

Lot Step

0.01

Digits

3

Margin

1%

Swap Long

139.5 pts

Swap Short

-214.76 pts

Triple swap day

Wednesday ×3

About UKOIL

UKOIL represents Brent Crude Oil spot prices, one of the world's most actively traded energy commodities. With daily trading volumes exceeding 2 million barrels, Brent crude serves as the global benchmark for crude oil pricing and underpins energy markets across Europe, Asia, and beyond. The instrument reflects real-time supply and demand dynamics in the global oil market, making it a critical asset for traders and energy market participants.

UKOIL prices are driven by geopolitical events, OPEC production decisions, US inventory data, macroeconomic growth expectations, and currency fluctuations—particularly USD strength. Weather disruptions, refinery capacity changes, and global energy policy shifts also exert significant influence. Traders monitor EIA reports, geopolitical tensions, and seasonal demand patterns to anticipate price movements.

At GCC Brokers, UKOIL is offered via STP execution with no manual intervention, with transparent pricing. Trade on our Zero or Standard accounts with competitive spreads and flexible leverage on commodities.

Common Questions

Frequently Asked Questions

At GCC Brokers, UKOIL trades Monday from 01:00 to 24:00 and Tuesday to Friday from 03:00 to 24:00 server time (GMT+3 in summer, GMT+2 in winter), following the ICE Brent market, allowing you to trade Brent crude oil whenever market conditions suit your strategy.

Spreads on UKOIL start from competitive levels depending on your account type. Zero accounts have tighter spreads plus a commission, while Standard accounts have wider variable spreads and no commission. Visit our platform or contact support for current spread details and account comparisons.

UKOIL prices are influenced by OPEC production cuts or increases, US crude inventory reports (EIA), geopolitical tensions in oil-producing regions, global economic growth forecasts, and US dollar strength. Seasonal demand patterns and refinery maintenance schedules also play significant roles in short-term and medium-term price movements.

Yes, GCC Brokers offers leverage on UKOIL trading through both Zero and Standard accounts. Leverage amplifies both potential profits and losses, so position sizing and risk management are essential. Always use stop-losses and trade within your risk tolerance.

UKOIL suits both strategies. Day traders benefit from intraday volatility driven by economic data and headlines, while swing and position traders can capitalize on longer-term trends tied to geopolitical events and OPEC decisions. Your trading style, risk capital, and market outlook should guide your approach.

Related Instruments

USOILNGAS

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Trade Brent crude at GCC Brokers with fully automated STP execution, transparent pricing and no hidden fees.

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