WTICrude to be suspended if it reaches $3

To help protect our clients from the worst of the price swings on the WTI crude oil market, we’ll be taking a few additional precautions: If .WTICrude dips below $3*, trading will be stopped until the next trading day (starts at 01:00 server time). When reopened, prices will be switched to July’20 contracts. All positions still open when trading is stopped will be automatically rolled over. For market orders, an adjustment will be made. The size of the adjustment: Price difference between June’20 and July’20 contract prices.
     x
Order volume
     x
Contract size (1,000 bbl/lot for .WTICrude).
Read the CFD Product Guide for more details. *Oil markets have been in turmoil for a few days, due to the convergence of:

• a slump in fuel demand around the globe due to COVID-19,
• ramped up production by a few major exporters that lasted for multiple weeks,
• limited physical storage capacity for oil that’s depleting as we speak.

Understandably, May’20 futures contracts (trading ended 20^th April) for WTI crude were those hit the first and, so far, the worst, but the effect seems to be spreading to June’20 contracts.