Admiral Markets is making the following changes to trading conditions on the US crude oil as of Wednesday 20 May, 2020:
1. New WTI oil CFD
We have added a new rolling CFD on US crude oil (symbol: CRUDOIL), please find all details in our Contract Specifications.
2. Changes to overnight fees on WTI CFD (symbol: WTI)
Overnight fees (swaps) on WTI CFD have been updated to:
- long -260% annually
- short +10% annually
We need to keep a higher rollover cost for long positions on this symbol as its current pricing model is designed to gradually catch up with the near month futures following the April oil prices event, as described in the Contract Specifications.