23 Apr 2020
Important Changes to Oil Products
We are pleased to inform you that UKOIL and USOIL has been reopened for normal trading. However, in view of the potential market volatility, please be advised that margin on rolling oil products will be revised to USD 2,000 per lot regardless of account leverage from Sunday, 26 April 2020, 2100H (GMT). 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.