At present, ICBC has opened an online banking trading channel, and customers can submit trading instructions for crude oil in their accounts to ICBC through personal online banking. ICBC will open other channels such as mobile banking and telephone banking in due course depending on market demand. Counter channel can provide customers with crude oil business account opening services, but it does not provide trading and inquiry services for the time being, subject to the actual account opening situation of each branch.

The crude oil in the account of China Industrial and Commercial Bank is an investment transaction product provided by ICBC for individual customers. The crude oil share is bought and sold in RMB or USD, and the way of only counting the share and not extracting the physical crude oil is adopted.

Account crude oil is divided into account North American crude oil and account international crude oil according to different quotation reference objects. Among them, the North American crude oil in the account is quoted at WTI price in the New York Mercantile Exchange, and the international crude oil in the account is quoted at Brent price in the New York Mercantile Exchange or intercontinental exchange.