Crude oil, also known as North American crude oil, is the underlying instrument for trading oil extracted from US land and coastal waters. Its biggest counterpart is Brent Oil – a benchmark for North Sea crude oil.
Oil CFD is a financial derivative which follows price changes in Crude oil futures, the world’s largest and most traded commodity. Oil futures CFDs are traded on Plus500’s trading app 23 hours a day, 5 days a week, based on price quotes provided by the New York Mercantile Exchange – a leading commodity futures market which is part of the Chicago Mercantile Exchange (CME).