Revision of Margin for Oil Products
Please be informed that margin on rolling oil products will be revised to USD1,000 per lot regardless of account leverage from Wednesday, 01 July 2020, 09:00 (GMT).
| Product | Margin |
| USOIL | USD1,000 per lot |
| UKOIL | USD1,000 per lot |
In addition, in order to control potential market risk caused by high volatility of crude oil market, please note that the following additional measures will be taken:
- All rolling oil products will be set to “close only” if the price falls below $5.
- If USOIL price falls to 0, any open positions, including hedged positions, will be closed immediately at the available market price. As such, please ensure that your open positions are properly managed and be prepared for any potential market movements during these fluctuating times.
Thank you for your continued support and understanding.
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Do not hesitate to contact us at [email protected] if you have any queries.
All information is made as accurate as possible, but it is intended for guidance only, and is subject to change. Please refer to Blackwell Global’s Updates web page for the latest details.