In April 2020 WTI crude oil futures price gone negative.

I trade crude oil CFDs using eToro and IqOption. On these platforms oil prices were different. On eToro the lowest price was around 7.3 while on IqOption it was around 8.4.

There's yet another picture on TradingView symbols:

  • USOIL and USDWTI were at 0
  • OIL_CRUDE was at 9.8

Who can I trust? How CFD brokers get their prices? Can oil CFD go negative?

  • There are different oil futures (Brent is the most common) - aare you sure you were trading WTI CFDs?
    – D Stanley
    May 14, 2020 at 12:31
  • @DStanley, Yes, on IqOption they call it USOUSD. When I asked them what's the difference, they answered something vague like "go read the specs about this commodity on our website". I'm wondering whether they set those prices themselves to overplay us.
    – hardman
    May 14, 2020 at 12:36
  • USO is different. It is a trust (company) that buys and sell oil futures.
    – D Stanley
    May 14, 2020 at 12:42
  • @DStanley, I know that. But it seems USOUSD is not USO. On both eToro and IqOption USO is quoted at 20, but USOUSD at 26.
    – hardman
    May 14, 2020 at 12:44
  • Then I agree with their suggestion - go read the specs to know what you're trading.
    – D Stanley
    May 14, 2020 at 12:55


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