Spot crude oil investment is a mature market investment in the world, but it has just started in China. There is a great demand for crude oil in the market and it is a non-renewable resource. Therefore, the price of crude oil fluctuates greatly, mainly depending on the relationship between market supply and demand. It has created the enthusiasm for international investment in crude oil. However, domestic investment in crude oil has been delayed. However, fuel oil, the investment target with the highest correlation with crude oil in the futures market, has been extremely light this year and finally stopped trading.

The trading time of spot crude oil is consistent with the international market. Spot crude oil trading time is 24 hours quotation, 22 hours trading time and 2 hours settlement time.

The trading hours of spot crude oil are as follows: on the first trading day of each week, it opens at 8: 00 am on Monday and closes at 4: 00 am on Saturday. Every day from 6 am to 4 am is a complete 22-hour spot crude oil trading time. 4:00-6:00 am on the trading day shall be postponed to the settlement time of the trading day.

8: 00 p.m. Beijing time to 12 p.m. is the overlapping trading period between Europe and America, and the market is usually the most active during this period.

London market is the largest market, accounting for nearly 40% of global turnover; Followed by the new york market, accounting for nearly 20%; The third is the Tokyo market, accounting for about 6%.