.BrentCrud expiration on 30 April

After last week’s tumultuous WTI Crude expiration, and as Brent Crude’s June contract expiration is on 30 April, let us remind you: On .BrentCrud and .WTICrude CFD expiration dates, we keep positions open, but with a credit/debit adjustment. As the underlying futures contract expires, the CFD switches over to the next month’s contract. The prices of the two months’ contracts may be very different. The credit/debit adjustment is meant to cover that difference. You will see the adjustment under the ‘Swap’ column in your terminal*. Learn more in ‘Expiration Rules’. New to trading oil? Read Commodity Trading 101: Energy. *Oil futures do not have a daily swap (a charge based on the difference of interest rates, applied when keeping a position open overnight, e.g. in FX currency trading). When trading .BrentCrud or .WTICrude with us, what you see under ‘Swap’ is the adjustment made when the expiration for the underlying monthly futures is reached. Should you have any questions, please do not hesitate to contact us.