CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.6% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Risk Warning.

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Forex Trading


Available to all Pepperstone account holders, Oil and Gas products are tradable commodities on both MetaTrader 4 and cTrader.

Pepperstone - Oil and Gas


XTI/USD is a spot commodity pair based on West Texas Intermediate crude oil, or WTI, which is a light ‘sweet’ oil traded in Cushing, Oklahoma – the sweetness referring to the oil’s low Sulphur content. XTI/USD can be considered US Oil, and is heavily affected by developments in Northern America.

XBR/USD is a spot commodity pair based on Brent Crude Oil, while Brent technically refers to oil produced in the North Sea it is often referred to as UK Oil. Brent Crude is used as the pricing benchmark for two thirds of the world’s oil production.


Natural Gas is an energy commodity that is affected by factors such as unexpected weather related demand, fossil fuel prices and gas supply issues. Not as readily portable as Oil, gas markets are fragmented and localised economic factors can cause diverging prices in different regions. XNG/USD is based on US Natural Gas, and is driven by global factors as well as those that affect only the US market.

Advantages of trading Oil and Gas though Pepperstone

  • Access to institutional grade spreads and trade execution
  • Minimum trade size of $0.10 per pip
  • Up to 500:1 leverage for Professional Clients, Up to 20:1 for Retail Clients.
  • No commission fees on commodity pairs
  • The ability to hedge positions on a single account

Risks of Trading Oil and Gas

  • Leveraged trading puts your capital at risk. You could lose all, or a large portion, of your trading capital if the market makes a significant move against your current open position/s
  • All trading involves risk
  • Past performance does not guarantee future performance
  • Tax benefits (if any) are subject to change and depend on your personal circumstances
InstrumentMinimum trade sizeSpreads fromContract size per standard lotSession times
XTIUSD0.010.04100 barrels01:00 to 23:59
XBRUSD0.010.04100 barrels03:00 to 23:59 
XNGUSD0.010.00310,000 MMBtu01:00 to 23:59