IRL:WTI
In the market for West Texas Intermediate (WTI) crude oil, refer to American Gas
Contract Specifications
Varies depending on brokers
Exness
Contract Size: 0.01 Lot = 10 Bbl
LiteFinance
Cent Account
Contract Size: 1.00 Lot = 1/10 Bbl
Minimum Lot Size: 0.10 Lots
Market Structure
the sell side and buy side participants are typically divided as follows:
1. Sell Side: The sell side of the market consists of entities or individuals who are willing to sell WTI crude oil. These participants include:
- Oil producers: Companies or nations that extract WTI crude oil from oil fields and sell it in the market.
- Refineries: Facilities that process crude oil into various petroleum products, such as gasoline, diesel, and jet fuel. Refineries often sell excess or unused crude oil in the market.
- Traders: Financial institutions, commodity trading firms, or individual traders who engage in the buying and selling of crude oil contracts for speculative or hedging purposes.
- Speculators: Investors who anticipate a decline in WTI crude oil prices and sell contracts to profit from the price decrease.
2. Buy Side: The buy side of the market comprises entities or individuals who are looking to purchase WTI crude oil. These participants include:
- Refineries: Facilities that require WTI crude oil as a raw material for processing into petroleum products.
- Distributors and wholesalers: Companies that purchase WTI crude oil to supply it to various end-users, such as gas stations, airlines, and industrial consumers.
- Traders: Financial institutions, commodity trading firms, or individual traders who engage in the buying and selling of crude oil contracts for speculative or hedging purposes.
- Speculators: Investors who anticipate an increase in WTI crude oil prices and buy contracts to profit from the price increase.
It's important to note that the participants on the sell side and buy side can vary depending on market conditions, supply and demand dynamics, and the specific time frame being considered. The interplay between these participants determines the price discovery and liquidity in the WTI crude oil market. Trading in CFD carries significant risks.
