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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

WordPress on Azure Brenttitle_li=Crude Brent First Line ($/0.01) Crude Europe – Commodity SB

Brent First Line ($/0.01) Crude Europe – Commodity SB

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Name & Trade Code

Contract Name Brent First Line ($/0.01)
MT5 Code Brent_First_Line.sb
Contract Classification Commodity SB
Geographical Region Europe

Contract Specification

Sector Energy
Product Group Crude
Tenor Period Up to 24 consecutive forward Tenor Periods available
Maximum Forward Tenor Up to 24 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit
Trading Price Quote $/bbl
Price Digits 2
Currency USD
Tick Value 1
Tick Size 0.01
Minimum Volume 1
Volume Steps [Lots] 0.01
Settlement Arithmetic mean of Settlement Prices throughout expiry month
Margins View document

Expiry Trading Overview

Contract Expiry Date The last trading day of the expiring Tenor Period (i.e. 31 March 2025 for Mar 25 Tenor Period)
Last Trading Day (for new open positions) Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 24 March 2025 for Mar 25 Tenor Period)
Last Trading Day (for closing position in that Tenor Period) The Contract Expiry Date of the relevant Tenor Period

Tenor Period Settlement Valuation Process

Open Volume The net open volume for the expiring Tenor Period
Daily Settlement Value Market-on-Close – The daily settlement assessment time, e.g. 4:30 pm for European contracts
Daily Settlement Volume Each day during Tenor Period, the remaining Open Volume reduces by the equivalent of 1/ (number of pricing days in the Tenor Period, including today if prior to Market-on-Close) and be settled at Daily Settlement Value
Final Settlement Price Arithmetic mean of Settlement Prices throughout expiry month
MOC Haircut

Contract Purpose

This outright contract allows market participants to:

  • Gain direct exposure to the price of Brent crude oil in Europe
  • Hedge against price fluctuations in the European crude oil market
  • Speculate on the future price direction of Brent crude oil

Market Significance

  • Benchmark Status: Serves as a key pricing point for crude oil futures in Europe
  • Global Reference: Used as a benchmark for crude oil pricing in international contracts
  • Regional Indicator: Provides insights into supply and demand dynamics for crude oil in the European market

Trading Benefits

  • Price Discovery: Offers a transparent mechanism for determining the price of Brent crude oil based on actual supply and demand
  • Risk Management: Allows hedging against price volatility in the crude oil market
  • Market Access: Provides exposure to one of the world’s most important crude oil futures contracts

This contract is particularly valuable for energy companies, refineries, industrial consumers, and commodity traders active in the crude oil market. It offers a tool for managing price risks and implementing trading strategies related to Brent crude oil in Europe, with high liquidity and accessibility through the MT5 platform.