Pumping Venez-oil-a
Oil enters 2026 oversupplied and volatile: geopolitical shocks prop prices, but a looming crude glut points Brent toward a $50s norm.
Sing 180 Crack
The price difference between Singapore 180 Fuel Oil and Brent crude oil. It provides refiners with a tool to manage the refining margin for high sulphur fuel oil production in the Asian market.
Contract Details
A CFD is a financial derivative that allows traders to speculate on the price movement of an asset without owning it. The trader enters into a contract with a broker, agreeing to exchange the difference in the asset's price from the time the contract is opened to when it is closed.
Name & Trade Code
| Contract Name | Sing 180 Crk(635bbl-$/bbl) |
| MT5 Trader Code | Sg180_Crk |
| Flux Terminal Code | sg180crk |
| Contract Classification | Commodity Differential CFD |
| Geographical Region | Asia |
Contract Specification
| Sector | Energy |
| Product Group | |
| Tenor Period | Consecutive individual whole calendar months, e.g. Jan 25 |
| Maximum Forward Tenor | Up to 18 consecutive forward Tenor Periods available |
| Contract Size | 635 |
| Contract Unit | mt |
| Trading Price Quote | $/bbl |
| Price Digits | 2 |
| Currency | USD |
| Tick Value | 6.35 |
| Tick Size | 0.01 |
| Minimum Volume | 1 |
| Volume Steps [Lots] | 0.01 |
| Settlement | Positions held into pricing month will be split into the constituent legs and then follow the settlement methodology for Outrights. i.e. Arithmetic mean of Settlement Prices throughout expiry month. |
| Margins | Download a summary or detailed document with tiers. |
Expiry Trading Overview
| Contract Expiry Date | The last trading day of the expiring Tenor Period (i.e. 31 January 2025 for Jan 25 Tenor Period) |
| Last Trading Day (for new open positions) | Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 24 January 2025 for Jan 25 Tenor Period) |
| Last Trading Day (for closing position in that Tenor Period) | The Contract Expiry Date of the relevant Tenor Period |
| Trading Hours | 8:00am - 5:30pm |
| Quoting Hours | 8:00am - 6:00pm |
Tenor Period Settlement Valuation Process
| Daily Settlement Value | Market-on-Close – The daily assessment settlement time, e.g. 4:30 pm for European contracts |
| Final Settlement Price | Positions held into pricing month will be split into the constituent legs and then follow the settlement methodology for Outrights. i.e. Arithmetic mean of Settlement Prices throughout expiry month. |