Spot crude oil is a contract transaction that uses leverage principle to improve capital utilization and reduce capital cost. It is an electronic transaction, which does not involve the transportation and storage of physical crude oil. It is entirely through the trading platform to buy up and buy down. Profit from the difference between the entry price and the closing price.

There are two kinds of international spot crude oil, international American crude oil (WTI oil) and Brent oil (Brent oil). The international American crude oil quotation comes from WTI crude oil futures of new york Stock Exchange. When the public and the media usually talk about how much the oil price exceeds the US dollar, it mainly refers to this price, which is more common. Brent crude oil is quoted from the International Petroleum Exchange (IPE) in London.

Characteristics of spot crude oil investment: international unified quotation, quotation unit USD/barrel, margin trading, 22-hour trading (2-hour platform settlement time), up-and-down two-way buying, T+0 trading mode. The fundamental analysis of spot crude oil is relatively simple, mainly affected by the relationship between supply and demand of crude oil in the market.

Spot crude oil is mainly international investment, and it was put into trial operation in China at the end of 20 14. However, due to the lack of standardization and maturity of the domestic investment environment, there are many illegal phenomena such as insider operation, malicious manipulation, gambling between platforms and retail investors. 20 15 10 CBRC has carried out a large-scale and strict rectification of seven relatively large and formal crude oil exchanges in China, and many of them have stopped operating.