ALL BROKERS SUDDENLY FREEZES THE PRICE OF THEIR OIL CFDs

[FitsTrader]

Why all FX Brokers with CFDs suddenly stop reflecting oil prices and stucked between 16 usd to 22 usd range? While the current market price now is at 5 usd?

 

[oscarra]

Strange

Starting at an already record low of below $5 late on Monday, the future contract prices started trading in the negative within the hour. US benchmark WTI oil price closed at -$37.63/barrel in New York.

https://gulfnews.com/business/energ...time-in-unprecedented-wipeout-1.1587403968035

 

[4evermaat]

1) There isn't anyone selling, or willing to sell

2) you are using bucketshop broker and not one with a "real" price feed that reflects either underlying cash or a a "true" synthetic pricing combining 2+ front month contracts

Can you please list which brokers had this problem? That would be more helpful.

 

[FxMaster]

Why all FX Brokers with CFDs suddenly stop reflecting oil prices and stucked between 16 usd to 22 usd range? While the current market price now is at 5 usd?

It went to Minus

 

[4evermaat]

It went to Minus

Depends on which contract you are referring to. It was only the front month contract. Some broker's LP (usually responsible ones) rollover the contract automatically to the next month before it gets too late in the front month.

 

[oscarra]

It went to Minus

Yes Sir, soon we will collect money when filling up our cars

Seems WTI crude is mentioned, before this get’s too confusing keep in mind we are talking contracts for difference, some kind of spread betting on underlying price actions

….seems like more and more problems are showing up here

 

[4evermaat]

But none

….seems like more and more problems are showing up here

Not from the handful of PoPs.

 

[FxMaster]

Keep your eyes open, many more things to come