Example of a trade transaction in the oil and gas market
In the second half of 2017, you could earn $ 20,000, having invested initially $ 50,000. Having bought in June 2017 one futures contract (1000 barrels) for Brent oil at a price of $ 45 per barrel and having sold it in 6 months at a price of $ 65 per barrel. After the OPEC oil cartel together with 11 non-included oil-exporting countries concluded a historic global agreement to reduce the production of 'black gold' by 1.7-1.8 million barrels per day on December 10, 2016, the cost of oil has increased by more than 50% from a minimum mark of $ 44.35 per barrel on June 21, 2017 to $ 67.10 per barrel on December 26, 2017 and having updated the historical maximum of $ 75.47 per barrel on April 24, 2018, which was reached at the end of November 2014 for the last time. From the transaction opened for the purchase of a futures contract for Brent oil with a full lot at a price of $ 45 per barrel and closed at $ 65 per barrel, you could earn 2000 points of profit in 6 months, what equals to $ 20,000.