Markets · 5 min
Oil is traded through two benchmarks, US WTI and North Sea Brent; on BRVX both are perpetual contracts in USDT, WTI with leverage up to 70x and Brent up to 100x. Other routes are futures, ETFs and CFDs, and each treats expiry and holding cost differently.
WTI vs Brent
| WTI | Brent | |
|---|---|---|
| Origin | US inland crude, delivered at Cushing, Oklahoma | North Sea crude, seaborne |
| Sets prices for | mainly US oil | about two-thirds of world crude |
| BRVX pair | WTIOIL · USDT | BRENTOIL · USDT |
| BRVX max leverage | 70x | 100x |
What moves oil
Supply decisions by OPEC+ and weekly US inventory data from the EIA move prices on schedule; wars, sanctions and shipping disruptions move them without warning.
On the demand side, economic growth, especially in the US and China, and the season's driving and heating needs set the tone.
Ways to trade it
Exchange futures expire monthly and must be rolled. Oil ETFs hold those futures and can lag the spot price when rolling is costly. CFDs and perpetuals skip expiry: on BRVX you hold a WTI or Brent position with no end date and pay funding every hour instead.
Updated
Questions about this topic
Can I short oil on BRVX?
Yes. Sell opens a short on WTI or Brent.
Do oil positions on BRVX expire?
No. They are perpetual contracts.
Try it in the BRVX app
Open appLeveraged trading is high risk: you can lose your whole margin. Not available to US persons.