What is WTI crude oil? How to trade WTI US crude oil futures?

Crude oil investment is no longer a new investment project. For many people, they have already started investing in crude oil and have also earned a certain amount of income in the market, which makes many people who have not entered the investment market jealous. For many newbies, they are not sure how to invest in crude oil. In fact, the best way to invest in crude oil is to invest in crude oil futures, and WTI US crude oil futures are a relatively popular investment product in the international market. Many newcomers will have such questions when facing the complex and changeable investment market. How should they trade WTI US crude oil futures now? Being able to ask this question shows that investors have a clear understanding of the importance of how to make profits. Therefore, it is a very correct investment choice to spend effort to understand how to trade WTI US crude oil futures in order to continue to make profits.

What is WTI crude oil?

WTI crude oil, also known as US crude oil, is the intermediate base crude oil produced in West Texas, also known as Texas light crude oil. Its full English name is the Chinese name of West Texas Intermediate (referred to as: WTI). It is also often literally translated as West Texas crude oil. In financial marekt, it refers to WTI US crude oil futures traded on the New York Mercantile Exchange (NYMEX), so it is also called New York crude oil, US crude oil or WTI crude oil. Unlike Brent crude oil, WTI crude oil does not refer to crude oil produced in a specific oil field, but refers to light crude oil traded and delivered in Cushing, Oklahoma (the delivery place of WTI US crude oil futures). WTI crude oil price and Brent crude oil price are the two major benchmark prices for global crude oil prices.

How to trade WTI US crude oil futures?

The New York Mercantile Exchange began trading West Texas light crude oil futures in 1983, providing crude oil producers and refiners with risk hedging tools. WTI U.S. crude oil futures trade in contracts of 1,000 barrels per lot. Assuming that the price of WTI crude oil is now $80 per barrel, the WTI U.S. crude oil futures price of a contract is $80,000.

For individual investors, investing in WTI crude oil is not an easy task, and there are usually three ways:

1. Invest in the stocks of crude oil producers and refiners

In the cycle of rising oil prices, the share prices of listed companies related to crude oil usually rise, so investors who are optimistic about crude oil prices can invest in the stocks of listed companies related to crude oil.

2. WTI Crude Oil ETF

The world's largest ETF tracking WTI crude oil prices is USO, which manages nearly $3 billion and invests directly in WTI U.S. crude oil futures.

3. WTI Crude Oil Contracts for Difference By trading WTI US crude oil futures CFD products, individual investors do not need to invest as much money as futures trading, nor do they need to pay as high transaction costs as crude oil ETFs, but they can trade WTI crude oil price changes.

Doo PrimeDepu CapitalWTI US crude oil futures CFD trading as an example, the specific process includes the following points:

① Investors prepare the required information and fill it in on the official website of Doo Primeaccount openingInformation;

② After receiving the investor's account opening information, the platform customer service staff will review the account opening documents and complete the data filing;

③ Good to go, investors will get trading account number and password;

④ After opening an account, you can start trading WTI US crude oil futures CFD on the next working day. Domestic investors who want to trade WTI US crude oil futures CFD can trade through the NYMEX (New York Mercantile Exchange) listed varieties launched by the Doo Prime Depu Capital platform, which is traded under the WTI US crude oil futures CFD product code (referred to as: XTIUSD). At the same time, the platform can also trade Brent crude oil futures CFD.

The above is the whole content of "What is WTI crude oil? How to trade WTI US crude oil futures?", I hope it will be helpful to investors. Finally, investors need to master the skills of WTI crude oil futures price analysis. This skill can be said to be a difficult point. If you learn it well, then you can gain a lot from trading in the WTI crude oil market. For trading in the market, investors should choose different trading operations at different times, so as to maximize the effect of skills.