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Prices are our trading platform's bid for USOILF7. 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, shown live above, and a swap for each night the position stays open. Spreads widen around news and at low liquidity.
Read from our trading platform daily. The specification in MetaTrader 5 always prevails.
Daily break 00:00–01:00.
Server time is New York time + 7 hours.
There is not enough price history on our platform for monthly figures yet.
Month to date · Past performance is not a reliable indicator of future results.
OilPrice.com · Oct 29, 03:00
OilPrice.com · Oct 28, 17:44
OilPrice.com · Oct 27, 23:56
OilPrice.com · Oct 25, 02:00
OilPrice.com · Oct 23, 02:00
Headlines from other publishers, linked to the original article. They are not written or endorsed by GCC Brokers.
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 3.2% · Previous 2.2%
Personal Income MoMUSD
Oct 29, 15:30 · Forecast 0.3% · Previous 0.2%
Personal Spending MoMUSD
Oct 29, 15:30 · Forecast 0.6% · Previous 0.9%
ISM Manufacturing PMIUSD
Nov 2, 16:00 · Previous 54.5
Midterm ElectionsUSD
Nov 3, 02:00
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.
WTI (West Texas Intermediate) Oil Futures represent the most actively traded crude oil contract globally, serving as the primary benchmark for US crude oil pricing. With daily trading volumes exceeding 1 million contracts, WTI is essential for energy traders, hedgers, and speculators seeking exposure to global energy markets. The contract reflects real-time supply, demand, and geopolitical sentiment affecting the world's largest energy consumer.
WTI crude oil prices are driven by OPEC production decisions, US inventory levels, refinery utilization rates, geopolitical tensions, and macroeconomic growth expectations. Currency fluctuations (particularly USD strength), seasonal demand patterns, and renewable energy adoption also influence price movements. These multifaceted drivers create consistent volatility and trading opportunities for active participants.
At GCC Brokers, WTI Oil Futures are offered with automatic execution and no manual intervention. Our Zero and Standard accounts provide variable spreads on this master contract, which is cash-settled with no physical delivery required. Trade with automatic execution on one of the world's most important commodities.
WTI Oil Futures trade on NYMEX with an extended session running nearly 24/5, opening Sunday evening and closing Friday afternoon (US time). Peak liquidity occurs during regular US trading hours (9:00 AM – 2:30 PM CST). GCC Brokers provides access throughout these hours.
Spreads are variable and depend on market conditions and your account. Standard and Pro have no commission, and Pro has tighter spreads; Zero has raw spreads plus a commission. The live spread is shown on this page.
WTI prices are influenced by OPEC production cuts or increases, US crude inventory data (EIA weekly reports), geopolitical events in oil-producing regions, USD strength, and global economic growth forecasts. Seasonal demand changes, natural disasters, and refinery outages also create significant price swings. Monitoring these fundamental drivers is key to anticipating market movements.
WTI Oil Futures traded at GCC Brokers are cash-settled contracts, meaning you never take or make physical delivery of crude oil. Settlement occurs in US dollars based on the final contract price, making it ideal for traders focused on price exposure without logistical complexity. This simplifies trading for retail and institutional participants alike.
WTI Futures suit experienced traders seeking exposure to global energy markets, portfolio diversification, or hedging against commodity price risk. The contract's high liquidity and volatility appeal to day traders and swing traders, while its fundamental drivers attract longer-term position traders. If you understand commodity markets and energy economics, WTI offers compelling opportunities at GCC Brokers.
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Prices stream from our trading platform. Pro and Zero accounts are priced differently; see trading costs below.
