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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.

Dated Brent

The price of physical Brent crude oil with a scheduled delivery date. It is therefore a crucial tool for traders managing exposure to global crude oil price movements in the spot market, particularly in Europe, Africa, and the Middle East.

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 Dated Brent(100bbl-$/bbl)
MT5 Trader Code Dated_Brent
Contract Classification Commodity CFD
Geographical Region Europe

Contract Specification

Sector Energy
Tenor Period Consecutive individual whole calendar months, e.g. April 26 (Apr 26)
Maximum Forward Tenor Up to 18 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit bbl
Price Digits 2
Currency USD
Value of Tick 1 per 0.01
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. 29 May 2026 for May 26 Tenor Period)
Last Trading Day (for new open positions) Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 22 May 2026 for May 26 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 (UK Time)
Quoting Hours 8:00am - 6:00pm (UK Time)

Tenor Period Settlement Valuation Process

Settlement Arithmetic mean of Settlement Prices throughout expiry month

A spread bet is a form of wagering on the price movement of an asset, where the trader bets on whether the price will rise or fall. The profit or loss is determined by the difference between the opening and closing prices.

Name & Trade Code

Contract Name Dated Brent($/0.01)
MT5 Trader Code Dated_Brent.s
Contract Classification Commodity SB
Geographical Region Europe

Contract Specification

Sector Energy
Tenor Period Consecutive individual whole calendar months, e.g. April 26 (Apr 26)
Maximum Forward Tenor Up to 18 consecutive forward Tenor Periods available
Contract Size 100
Contract Unit
Price Digits 2
Currency USD
Value of Tick 1 per 0.01
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. 29 May 2026 for May 26 Tenor Period)
Last Trading Day (for new open positions) Five working days prior to the Contract Expiry Date for the Tenor Period (i.e. 22 May 2026 for May 26 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 (UK Time)
Quoting Hours 8:00am - 6:00pm (UK Time)

Tenor Period Settlement Valuation Process

Settlement Arithmetic mean of Settlement Prices throughout expiry month

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