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Oil trading
Take advantage of rising and falling crude oil markets with CFDs, with Australia's No 1 CFD provider.1
Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.
Why trade oil with us?
Find opportunity in negative prices
Trade oil even if the market turns negative, something you won’t find anywhere else
Keep your costs down
Get competitive prices on Brent and US Crude – with spreads from just 2.8 points
Trade continuous oil markets
Take a position on oil spot prices with our unique undated market offering
Protect your capital
Attach a guaranteed stop to minimise your risk2 – even when markets are volatile
Discover your route to the markets
Trade oil and oil-linked ETFs with our leveraged or share trading services, depending on your goals
Get trade ideas in real-time
See minute-by-minute news updates on oil markets with our in-platform Reuters feed
What is oil trading?
Trade oil to speculate on whether the commodity’s market price will rise or fall. With us, you won’t have to take ownership of the underlying asset or worry about physical delivery.
How can I trade oil?
- Open a trading account
- Find an opportunity
- Take a position
- Monitor your trade
Which is better: undated markets or oil futures?
You can trade oil markets on our undated ‘spot’ markets or futures prices – available only through CFDs. Your choice will depend on your experience level and trading strategy. Learn more about undated commodities here.
Undated oil markets
Our proprietary ‘spot’ prices. They cost less to open, but you’ll pay an overnight funding charge for each day that you hold the position.
- Take short-term positions
- Reflective of the underlying market but with no fixed expiries
- Perform technical analysis over the longer term with continuous charting
Oil futures
Contracts to buy and sell oil at a set price on a set date in the future. They cost more to open, but less to hold overnight.
- Trade over a longer time period with no overnight funding fees
- Positions still open at expiry will get rolled over to the next month automatically
- Get a clear overview of your contract’s price within its date range
Start trading oil now
Start trading oil now
Ahead of the curve
Founded in 1974 as the first company of its kind. We’re ASIC-regulated and trusted by 320,000+ clients with the security of their money.
IG Australia is part of IG Group Holdings PLC, which is a member of the FTSE 250.
Fast, efficient online platforms
Seize your opportunity in seconds and take full control over each of your trades with our easy-to-use platform and apps.
Award-winning service
We have a dedicated team on hand to support you, and you can also benefit from knowledge-sharing with IG Community and IG Academy.
Start trading oil now
Start trading oil now
Ahead of the curve
Founded in 1974 as the first company of its kind. We’re ASIC-regulated and trusted by 320,000+ clients with the security of their money.
IG Australia is part of IG Group Holdings PLC, which is a member of the FTSE 250.
Fast, efficient online platforms
Seize your opportunity in seconds and take full control over each of your trades with our easy-to-use platform and apps.
Award-winning service
We have a dedicated team on hand to support you, and you can also benefit from knowledge-sharing with IG Community and IG Academy.
Popular oil markets to watch
Take advantage of a range of oil markets, including:
- Crude oil markets
Trade popular oil types such as Brent Crude or West Texas Intermediary (US Crude) - Oil companies
Speculate on the future of companies within the oil industry by buying and selling shares - Oil-linked ETFs
Get diversified exposure to oil or oil companies via an exchange traded fund (ETF)
Prices above are subject to our website terms and conditions. Prices above are indicative only.
Looking for another commodity to trade? Use our market tool to find charts, data and news on the commodities you’re interested in.
Ways to trade oil with us
Trade CFDs on the price of oil and oil-linked assets. Or invest in oil company shares or ETFs with our share trading service.
| CFD trading | Share trading | |
| What is it? | Speculate on whether an asset’s price will rise or fall between opening and closing your trade without taking ownership of the underlying asset | Buy and sell company shares or ETFs. You’ll take ownership of the assets – which means you could receive dividends |
| Main benefit | Go long or short on market prices | Take ownership of shares to gain voting rights and dividends if paid |
| Available markets | Oil company shares, commodity markets and oil-linked ETFs | Oil company shares and oil-linked ETFs |
| Risk | Losses can exceed deposits | Risk is limited to your initial outlay |
| Learn more | Learn more |
Oil costs and details
Spreads
The spread is our charge for executing your trade, and your main cost when trading oil via CFDs. It is the difference between the buy and sell price that we wrap around the underlying market price. Spreads are subject to variation, depending on market conditions.
Margin
CFDs are both leveraged, which means you can trade for the fraction of the cost of buying oil outright. The deposit you pay to open a position is called margin.
| Market | Spread for oil futures | Spread for undated oil markets |
| Oil - US Crude | 6 | 2.8 |
| Oil - Brent Crude | 6 | 2.8 |
| Heating Oil | 30 | 20 |
| No Lead Gasoline | 30 | 20 |
| Market | Retail | Pro |
| Oil - US Crude | 10.0% | 1.20% |
| Oil - Brent Crude | 10.0% | 1.20% |
| Heating Oil | 10.0% | 1.20% |
| No Lead Gasoline | 10.0% | 1.20% |
Your spread will vary depending on whether you trade oil futures or undated contracts. Futures have a wider spread, but no overnight funding charges – so are more cost-effective for longer-term trades. Spreads are subject to variation.
Your profit and loss are based on the full value of the position – not just the margin. So leverage can magnify your profits, as well as your losses.
Start trading oil with Australia's No 1 CFD provider1
Trade crude oil and other oil-linked markets on our suite of award-winning platforms.1
- Web-based platform
- Mobile trading app
- Meta Trader 4
Seize your opportunity with our user-friendly web trading platform.
You’ll find everything you need to trade oil markets, including risk management tools, our integrated Reuters feed and customisable alerts that notify you when your target price is hit.
Trade wherever you are, whenever you want with our trading apps for iOS and Android devices. You’ll get the same great features as the web app, including risk management tools and Reuters live stream.
Automate your trading and perform advanced analysis using over 18 bespoke apps with MT4 – a popular third-party platform for experienced traders.
Download it for free to start trading oil spot prices, as well as other commodities, forex pairs and indices.
Open your account
It's free to open an account, and there's no obligation to fund or trade.
Open your account
It's free to open an account, and there's no obligation to fund or trade.
Start trading today
Create a commodities trading account now.
Get the latest oil news
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Choose the right trading product for you.
Manage your risk with our range of tools.
Discover our cutting-edge web and mobile platforms.
1 Number 1 in Australia by primary relationships, CFDs & FX, Investment Trends November 2023 Leveraged Trading Report.
2 A small premium will be charged if your guaranteed stop is triggered.
3 Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
Contact
New clients
1800 601 799
newaccounts.au@ig.com
Existing clients
1800 601 799
newaccounts.au@ig.com
Lines open
24/7 except Sat 7am-12pm (AEDT)
Start a Whatsapp chat
WhatsApp line open
24/7 except Sat 7am-5pm (AEST)
Connect with us
Disclaimers
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You do not own or have any interest in the underlying asset. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Please consider the Margin Trading Product Disclosure Statement (PDS), Risk Disclosure Notice and Target Market Determination before entering into any CFD transaction with us.
- The value of shares, ETFs and ETCs bought through an IG share trading account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
- Please ensure you fully understand the risks and take care to manage your exposure.
- The information on this website is prepared without considering your objectives, financial situation or needs. Consequently, you should consider the information in light of your objectives, financial situation and needs.
- This website is operated by IG Australia Pty Ltd. IG Australia Pty Ltd is located on Level 32, Queen & Collins, 376-390 Collins Street, Melbourne, VIC 3000. ABN 93 096 585 410, Australian Financial Services Licence No. 515106. Derivatives Issuer Licence in New Zealand FSP No. 684191, NZBN 9429047618251.