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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.

Onyx Markets Crude Dubai Spread Crude Middle East – Commodity Time-Spread

Dubai Spread Crude Middle East – Commodity Time-Spread

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Name & Trade Code

Contract Name Dubai Spread(100bbl-$/bbl)
MT5 Code Dubai_Sprd
Contract Classification Commodity Time-Spread CFD
Geographical Region Middle East

Contract Specification

Sector Energy
Product Group Crude
Tenor Period Consecutive individual whole calendar months, e.g. Jun 25
Maximum Forward Tenor Up to 18 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit bbl
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 Positions held into pricing month will be split into the constituent legs and then follow the settlement methodology for Outrights. i.e. Arithmetic mean of Settlement Prices throughout expiry month.
Margins Download a summary or detailed document with tiers.

Expiry Trading Overview

Contract Expiry Date N/A
Last Trading Day (for new open positions) N/A
Last Trading Day (for closing position in that Tenor Period) N/A

Tenor Period Settlement Valuation Process

Open Volume N/A
Daily Settlement Value N/A
Daily Settlement Volume N/A
Final Settlement Price Perpetual

The Dubai Sprd contract is a commodity CFD (Contract for Difference) in the Crude group that represents the time spread between two consecutive months of Dubai 1st Line Outright prices.

Contract Purpose

This time spread contract allows market participants to:

  • Speculate on or hedge against changes in the price relationship between two consecutive months of Dubai 1st Line Outright
  • Manage exposure to seasonal price fluctuations in the Middle Eastern crude oil market
  • Execute calendar spread trading strategies

Market Significance

  • Price Structure: Reflects the market’s expectation of near-term supply and demand dynamics for Dubai crude oil
  • Benchmark Indicator: Serves as a key reference for Middle Eastern crude oil pricing, influencing related products and derivatives
  • Regional Trade Flows: Provides insights into the dynamics of crude oil trade in the Middle East and Asia

Trading Benefits

  • Spread Risk Management: Allows traders to focus on relative price movements between months, reducing exposure to outright price volatility
  • Market Access: Provides a tool for trading the time structure of the Dubai crude oil market
  • Flexibility: Enables various trading strategies, from simple calendar spreads to more complex multi-leg trades

This contract is particularly useful for refineries, trading houses, and financial institutions active in the Middle Eastern and Asian crude oil markets, offering them a precise instrument to manage time-related price risks and implement sophisticated trading strategies in the Dubai crude oil sector.