Energies Futures contract that AFB offers (OTC) are miNY Light Sweet Crude Oil and miNY Natural Gas Contracts. Crude Oil and Natural Gas are the world's most actively traded Energy contracts. Both contracts have Transparent pricing and deep liquidity and easy-to-access industry information.
Specification:
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Product Name
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Symbol
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Contract Size
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Spread
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Order
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Minimum Fluctuation
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Margin
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Months Traded
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Trading Hours (GMT)
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Light Sweet Crude Oil
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CL
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1000 Barrel
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Market Spread
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0.30
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0.025 tick =$25.0
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1,000 USD
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Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec.
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Sun Open: 22:00 – 21:15 Reopen:
22:00 – 21:15
Fri Close: 21:15
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Natural Gas
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NG
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2500 Million (mmBtu)
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0.30
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0.005 tick = $12.5
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1,000 USD
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Examples:
Buying Crude Oil contract:
A client believes that the price of miNY light sweet crude oil contract will rise according to political reasons, the market now is 67.10/67.125. The client buys 5 lots of oil at 67.125. Out of expectations the oil price falls to 66.40/66.45. The client decides to sell 5 lots (close current positions) at 66.40. To calculate the loss of this client we should do the following:
(Opening price – closing price) - (67.125 – 66.40=0.725 points)
Loss = (0.725*Contract Size* No. of lots) = (0.725*1000*5=3625$)
Gross loss = 3625 $
*Commission charges are NOT included in the above calculations