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Prices are our trading platform's bid for USOIL. Times are server time, New York + 7 hours (GMT+3 now). Past performance is not a reliable indicator of future results.
The spread when you open, and a swap for each night the position stays open. Typical spreads are last month's average, measured on our platform; they widen around news and at low liquidity.
Read from our trading platform daily. The specification in MetaTrader 5 always prevails.
Server time is New York time + 7 hours.
The change in each calendar month, from our platform's month-end closing prices (bid). Our history for this instrument starts in November 2021.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +14.24% | +2.60% | +45.18% | +5.20% | −15.30% | −19.43% | +19.87% | +1.93% | +4.72% | +14.71% | ||
| 2025 | +3.77% | −6.54% | +2.22% | −18.26% | +4.45% | +7.78% | +6.43% | −7.85% | −3.60% | −2.53% | −2.03% | −3.63% |
| 2024 | +6.09% | +2.86% | +6.27% | −1.94% | −5.04% | +5.34% | −3.88% | −6.26% | −6.93% | +3.20% | −3.16% | +5.94% |
| 2023 | −1.69% | −2.91% | −1.46% | +1.20% | −11.74% | +4.25% | +15.63% | +2.13% | +7.98% | −9.80% | −6.74% | −5.61% |
| 2022 | +16.93% | +8.78% | +5.39% | +3.11% | +10.72% | −8.14% | −8.07% | −9.02% | −10.49% | +8.10% | −6.04% | 0.00% |
| 2021 | −19.62% | +12.57% | ||||||||||
| Average | +7.87% | +0.96% | +11.52% | −2.14% | −3.38% | −2.04% | +6.00% | −3.81% | −1.66% | −0.26% | −7.52% | +1.85% |
| Months higher | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 3/5 | 3/5 | 2/5 | 2/5 | 2/4 | 0/5 | 2/5 |
Month to date · Past performance is not a reliable indicator of future results.
No recent headlines on this instrument.
Headlines from other publishers, linked to the original article. They are not written or endorsed by GCC Brokers.
Durable Goods Orders MoMUSD
Oct 27, 15:30 · Forecast 0.6% · Previous 0%
Fed Interest Rate DecisionUSD
Oct 28, 21:00 · Forecast 4% · Previous 4%
Fed Press ConferenceUSD
Oct 28, 21:30
Core PCE Price Index MoMUSD
Oct 29, 15:30 · Forecast 0.3% · Previous 0.2%
GDP Growth Rate QoQ AdvUSD
Oct 29, 15:30 · Forecast 3% · Previous 2.2%
Personal Income MoMUSD
Oct 29, 15:30 · Forecast 0.3% · Previous 0.2%
High-impact releases for USD over the next 7 days, in server time (GMT+3). Dots on the 1D and 5D charts mark recent releases.
USOIL represents West Texas Intermediate (WTI) crude oil, the primary benchmark for US oil pricing. WTI is a light, sweet crude oil delivered at Cushing, Oklahoma, and is one of the two most-referenced oil benchmarks globally alongside Brent crude. Oil markets trade over $100 billion in daily volume.
Crude oil prices are driven by a complex mix of supply and demand factors: OPEC+ production decisions, US shale output, global economic growth, seasonal demand patterns, geopolitical tensions in oil-producing regions, and strategic petroleum reserve releases. Oil is also sensitive to US dollar strength, as it is priced in USD globally.
At GCC Brokers, USOIL is traded as a CFD with automatic execution. You can go long or short without physical delivery. Oil CFDs are popular among traders in the Gulf region who follow energy markets closely.
USOIL CFDs are available nearly 24 hours a day, five days a week. The most active period is usually US trading hours, particularly around the weekly EIA crude oil inventory report on Wednesdays. The exact hours, in server time, are in the specifications above.
WTI (USOIL) is the US benchmark, priced at Cushing, Oklahoma. Brent crude is the international benchmark, priced from the North Sea. WTI is typically slightly cheaper than Brent. Both track global oil supply and demand but may diverge based on regional factors.
Key drivers include OPEC+ production decisions, US weekly inventory data (EIA report), global economic growth forecasts, geopolitical events in major oil-producing regions (Middle East, Russia), seasonal demand patterns, and US dollar strength.
No. USOIL at GCC Brokers is a CFD — you trade the price movement without any physical delivery. Positions are cash-settled.
Yes. CFD trading allows both long and short positions. If you expect oil prices to fall, you can sell USOIL and profit from the decline.
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Prices stream from our trading platform. Pro and Zero accounts are priced differently; see trading costs below.
