Energy CFDs

With energy CFD trading your profit or loss are determined by the difference between the buy price and the sell price of the financial instrument that you are trading.

Alpari UK’s range of energy CFDs includes gas oil, light sweet crude and brent crude oil.

  • Buy if you think the market will rise; sell if you think the market will fall.
  • Open position with a margin of USD2,000 per 1 lot – as CFDs are leveraged products; there is no need to pay the full value of the position.
  • There is no financing charge if your position remains open at the end of the trading session.
  • There is no commission charge on energy CFDs.
  • Energy CFDs have a market expiry date. Alpari will close client positions at the official settlement price, two days before the official expiry.

Pending orders

Pending orders (buy stop, sell stop, buy limit and sell limit) will be automatically deleted when the market closes at the end of each trading session. Please note, however that stop loss and take profit orders will remain in the market.

Trading hours

Market trading hours are an important factor when trading CFDs. If you have an open position when the markets close, this means you will not be able to close your trade until the market opens again the next trading day. Due to the volatility of equity markets, the opening price at the start of the next trading session can be vastly different from the closing price the previous trading session. Please see contract specifications for more details.

Energy CFDs contract specifications

  Light sweet crude (WTI) Brent crude oil Gas oil Carbon emissions (EUA)
Abbreviation Alpari/exchange CL. B./B G./G EUA.
Type Future Future Future Future
Country US EU EU EU
Currency USD USD USD EUR
Exchange Nymex ICE EUROPE ICE EUROPE ICE EUROPE
Spread from 3
(3 increments)		 5
(5 increments)		 2
(8 increments)		 7
(7 increments)
Increment 0.01 0.01 0.25 0.01
Increment value USD10.00 USD10.00 USD25.00 EUR10.00
Margin USD1,000 USD1,000 USD2,000 EUR1,000
Contract unit 1,000 barrels 1,000 barrels 100 metric tonnes 1,000 tonnes C02
Duration Monthly Monthly Monthly Quarterly
Trading hours* 01:00-00:15 MetaTrader/EET 03:00-01:00 MetaTrader/EET 03:00-01:00 MetaTrader/EET 08:00-19:00 MetaTrader/EET
Quoted months All All All Most liquid contract – Dec

*Alpari (UK) trading hours cease at 00:00 EET on Fridays.

Official expiry

  • Light sweet crude (WTI): Trading in the current delivery month shall cease on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the 25th calendar day. In the event that the official exchange holiday schedule changes subsequent to the listing of a crude oil futures contact, the originally listed expiration date shall remain in effect. In the event that the originally listed expiration day is declared a holiday, expiration will move to the business day immediately prior.
  • Brent crude oil: Trading terminates on either the 15th day before the first day of the contract month, if such 15th day is a business day. If such 15th day is not a business day the next preceding business day.
  • Gas oil: Trading shall cease at 12:00, two business days prior to the 14th calendar day of the delivery.
  • Carbon emissions (EUA): Last Monday of the contract month. However, if the last Monday is a non-business day or there is a non-business day in the four days following the last Monday, the last day of trading will be the penultimate Monday of the delivery month.

If your positions remain open two days before the official expiry date, Alpari (UK) will close them at the official settlement price, which is published by the exchange shortly after the pit close. We will endeavor to close the positions promptly after this price has been published. The date this process will occur is shown in brackets next to the relevant months symbol.

Quoted months

Shaded areas in the table represent currently available contracts.

Month codes WTI Brent Gas Carbon emissions (EUA)
January (F) CL.F2
(16 Dec 2012)		 B.F2
(13 Dec 2012)		 G.F2
(11 Jan 2012)		  
February (G) CL.G2
(18 Jan 2012)		 B.G2
(12 Jan 2012)		 G.G2
(9 Feb 2012)		  
March (H) CL.H2
(17 Feb 2012)		 B.H2
(10 Feb 2012)		 G.H2
(9 Mar 2012)		  
April (J) CL.J2
(16 Mar 2012)		 B.J2
(13 Mar 2012)		 G.J2
(12 Apr 2012)		  
May (K) CL.K2
(18 Apr 2012)		 B.K2
(13 Apr 2012)		 G.K2
(9 May 2012)		  
June (M) CL.M2
(18 May 2012)		 B.M2
(14 May 2012)		 G.M2
(11 Jun 2012)		  
July (N) CL.N2
(18 Jun 2012)		 B.N2
(12 Jun 2012)		 G.N2
(11 Jul 2012)		  
August (Q) CL.Q2
(18 Jul 2012)		 B.Q2
(12 Jul 2012)		 G.Q2
(9 Aug 2012)		  
September (U) CL.U2
(17 Aug 2012)		 B.U2
(14 Aug 2012)		 G.U2
(11 Sep 2012)		  
October (V) CL.V2
(18 Sep 2012)		 B.V2
(11 Sep 2012)		 G.V2
(10 Oct 2012)		  
November (X) CL.X2
(18 Oct 2012)		 B.X2
(12 Oct 2012)		 G.X2
(9 Nov 2012)		  
December (Z) CL.Z2
(16 Nov 2012)		 B.Z2
(13 Nov 2012)		 G.Z2
(8 DEC 2011)		 EUA.Z2
(15 Dec 2012)

Alpari (UK) Limited reserve the right to make necessary changes to these dates with no notice.

Risk warning: Forex, spread bets and CFDs are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.

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