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OTC Energy Futures

When talking about OTC Energy Futures these are different to spot prices. We are talking about a contract which is a legally binding agreement to buy or sell energy futures in the future at an agreed price at a set time period. Futures contracts have standard characteristics in terms of quantity, quality, time and delivery.

Trading with future contracts provides you as a customer with a risk management tool to protect the price of your purchase or sale. It also offers the option to get involved in the precious metals market without having a position in the physical energy markets.

OTC Light Sweet Crude Oil Future

Often traders who trade oil products find WTI (West Texas Intermediate) one of the most popular. WTI crude oil is a US domestic crude oil based on the Nymex's Light Sweet Crude contract. It has a lower sulphur content than Brent making it a slightly better quality fuel.

Crude oil is quoted in $/¢ per barrel with a standard contract size of 1000 barrels per one standard lot. The minimum price movement for WTI crude oil is USD 0.01 (1 'tick' or 'point'). Therefore the smallest tick value is ten dollars per one standard lot. E.g. $78.45 - $78.46 = $0.01 ($0.01 * 1000 = $10).

Professional crude oil traders often trade one of the oil products against another to take advantage of their ever changing price relationship. This is known as the 'Crack' when taking a position in Gasoil with an opposite position in one of the Crude contracts. It is known as the 'Arb' when taking a position in the Brent with an opposite position in the WTI contract.

OTC Brent Crude Oil Future

Brent Crude oil is also popular with individuals who trade oil products. It is the benchmark for Europe and OPEC pricing. The minimum price movement is USD 0.01 (1 'tick' or 'point'). Therefore the smallest tick value is ten dollars. E.g. 78.45 – 78.46 = $0.01 therefore (0.01 USD * 1000 = $10).

Our Brent Contract is a CFD. It is based on an Exchange Futures Contract that will expire. A crude oil trading position held with ICM Capital will NOT expire but will be rolled into the next month.

OTC E-Mini Natural Gas Henry Hub Future

An OTC E-Mini Natural Gas Henry Hub Future contract is a contract between a buyer and a seller that offers opportunities for risk management of the highly volatile pricing of natural gas. Energy prices can often be subject to dramatic price movements so setting stop-losses and take-profits on the MetaTrader 4 is very important.

The minimum price movement is USD 0.01 (1 'tick' or 'point'). Therefore the smallest tick value is ten dollars per standard lot. E.g. $78.45 - $78.46 = $0.01 ($0.01 * 1000 = $10).

Contract Specifications

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
@CL OTC Light Sweet Crude Oil Future 1,000 Barrels $1,000 0.01 $10.0 15 Cents 4
               
Day Open Close Re-Open        
Sun 23:00            
Mon   22:00 23:00        
Tue   22:00 23:00        
Wed   22:00 23:00        
Thu   22:00 23:00        
Fri   22:00          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC @CL_Z6 12-Oct-16 18-Nov-16
JAN @CL_F7 11-Nov-16 19-Dec-16
FEB @CL_G7 12-Dec-16 19-Jan-17
MAR @CL_H7 12-Jan-17 20-Feb-17
APR @CL_J7 13-Feb-17 20-Mar-17
MAY @CL_K7 13-Mar-17 19-Apr-17
JUN @CL_M7 12-Apr-17 19-May-17
JUL @CL_N7 12-May-17 19-Jun-17
AUG @CL_Q7 12-Jun-17 19-Jul-17
SEP @CL_U7 12-Jul-17 21-Aug-17
OCT @CL_V7 14-Aug-17 19-Sep-17
NOV @CL_X7 12-Sep-17 19-Oct-17
DEC @CL_Z7 12-Oct-17 17-Nov-17

 

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
@NG OTC E-Mini Natural Gas Henry Hub Future 10,000 mbtu $2,500 0.001 $10.0 50 Cents 5
               
Day Open Close Re-Open        
Sun 23:00            
Mon   22:00 23:00        
Tue   22:00 23:00        
Wed   22:00 23:00        
Thu   22:00 23:00        
Fri   22:00          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
DEC @NG_Z6 19-Oct-16 25-Nov-16
JAN @NG_F7 18-Nov-16 27-Dec-16
FEB @NG_G7 20-Dec-16 26-Jan-17
MAR @NG_H7 19-Jan-17 23-Feb-17
APR @NG_J7 16-Feb-17 28-Mar-17
MAY @NG_K7 21-Mar-17 25-Apr-17
JUN @NG_M7 18-Apr-17 25-May-17
JUL @NG_N7 18-May-17 27-Jun-17
AUG @NG_Q7 20-Jun-17 26-Jul-17
SEP @NG_U7 19-Jul-17 28-Aug-17
OCT @NG_V7 21-Aug-17 26-Sep-17
NOV @NG_X7 19-Sep-17 26-Oct-17
DEC @NG_Z7 19-Oct-17 27-Nov-17

 

Ticker Description Contract size Margin Req. Min. Fluctuation Pip Value Limits/stops pending orders can be placed from market price ICM Typical spread
@BR OTC Brent Crude Future 1,000 Barrels $1,000 0.01 $10.0 15 Cents 5
               
Day Open Close          
Mon 01:01 22:59          
Tue 01:01 22:59          
Wed 01:01 22:59          
Thu 01:01 22:59          
Fri 01:01 22:59          

 

Contract Expiry Date
Trading Month Symbol Starting Date Expiry Date
Dec @BR_Z6 21-Sep-16 28-Oct-16
JAN @BR_F7 21-Oct-16 29-Nov-16
FEB @BR_G7 22-Nov-16 28-Dec-16
MAR @BR_H7 21-Dec-16 30-Jan-17
APR @BR_J7 23-Jan-17 27-Feb-17
MAY @BR_K7 20-Feb-17 30-Mar-17
JUN @BR_M7 23-Mar-17 27-Apr-17
JUL @BR_N7 20-Apr-17 30-May-17
AUG @BR_Q7 23-May-17 29-Jun-17
SEP @BR_U7 22-Jun-17 28-Jul-17
OCT @BR_V7 21-Jul-17 30-Aug-17
NOV @BR_X7 23-Aug-17 28-Sep-17
DEC @BR_Z7 21-Sep-17 30-Oct-17

i. All above instruments are on market execution
ii. All times are based on ICM Capital Server time
iii. Subject to change without prior notice
iv. No commission charged for all above products

Swap Policy

No swaps will be offered on any positions under ICM Standard accounts.  ICM Capital reserves the right to discontinue an Islamic/SWAP-free account without warning. ICM Capital will invoke this right in case of suspicion of abuse, in which case ICM Capital may, at its sole discretion, decide to close all open positions in the account and deduct or add swaps for all transactions currently and/or previously made in the account and decline from accepting any further requests from the Client to be exempted from SWAP.

While using higher leverage can significantly increase your profits, it equally can work against you as it involves greater risks to your capital. If the currency underlying one of your trades moves in leverage will greatly amplify your potential losses. It is possible for you to lose more than your initial deposit so please ensure CFD trading meets your investment objectives and seek independence advice and trading style that includes the use of stop and limit orders.

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Trading CFD's or Spot FX carries a high risk to your capital and can result in losses that exceed your deposits. CFDs and Spot FX are leveraged products. Trading CFD's or Spot FX carries a high risk to your capital and can result in losses that exceed your deposits. You should not engage in this form of investing unless you understand the nature of the Transaction you are entering into and the true extent of your exposure to the risk of loss. Your profit and loss will vary according to the extent of the fluctuations in the price of the underlying markets on which the trade is based.