Crude oil is one of the most important commodities in the world, and it is traded on various exchanges around the globe. Traders and investors who are interested in crude oil need to be aware of the trading hours of the exchanges where crude oil is traded. In this article, we will explore what time crude oil stops trading, why it is important to know the trading hours of crude oil, and the trading hours of crude oil on various exchanges.
Why It Is Important to Know When Crude Oil Stops Trading
Knowing when crude oil stops trading is important for traders and investors who are interested in the energy sector. The trading hours of crude oil can affect the liquidity and volatility of the market, which can impact the profitability of trades. By understanding when crude oil stops trading, traders and investors can plan their trades and manage their risk accordingly.
In addition, traders and investors who are located in different time zones need to be aware of the trading hours of crude oil on the exchanges where they trade. This is because the trading hours of crude oil can vary depending on the exchange and the time zone.
Trading Hours of Crude Oil on Various Exchanges
There are several exchanges around the world that trade crude oil, and each exchange has its own trading hours. Here are the trading hours of crude oil on some of the most commonly used exchanges:
NYMEX: The New York Mercantile Exchange (NYMEX) is one of the largest commodity exchanges in the world, and it trades a variety of energy products, including crude oil. The trading hours for crude oil on the NYMEX are from Sunday to Friday, 6:00 PM to 5:00 PM Eastern Time (ET).
ICE: The Intercontinental Exchange (ICE) is another major commodity exchange that trades crude oil. The trading hours for crude oil on the ICE are from Sunday to Friday, 7:00 PM to 6:00 PM ET.
MCX: The Multi Commodity Exchange of India (MCX) is the largest commodity exchange in India, and it trades a variety of commodities, including crude oil. The trading hours for crude oil on the MCX are from Monday to Friday, 10:00 AM to 11:30 PM Indian Standard Time (IST).
TOCOM: The Tokyo Commodity Exchange (TOCOM) is the largest commodity exchange in Japan, and it trades a variety of commodities, including crude oil. The trading hours for crude oil on the TOCOM are from Monday to Friday, 9:00 AM to 3:30 PM Japan Standard Time (JST).
SGX: The Singapore Exchange (SGX) is the largest stock exchange in Southeast Asia, and it also trades crude oil. The trading hours for crude oil on the SGX are from Monday to Friday, 8:45 AM to 8:00 PM Singapore Time (SGT).
CME: The Chicago Mercantile Exchange (CME) is one of the largest commodity exchanges in the world, and it trades a variety of energy products, including crude oil. The trading hours for crude oil on the CME are from Sunday to Friday, 6:00 PM to 5:00 PM ET.
BME: The Bolsa de Madrid (BME) is the main stock exchange in Spain, and it also trades crude oil. The trading hours for crude oil on the BME are from Monday to Friday, 9:00 AM to 5:30 PM Central European Time (CET).
ASX: The Australian Securities Exchange (ASX) is the main stock exchange in Australia, and it also trades crude oil. The trading hours for crude oil on the ASX are from Monday to Friday, 10:00 AM to 6:00 PM Australian Eastern Standard Time (AEST).
DGCX: The Dubai Gold and Commodities Exchange (DGCX) is the largest derivatives exchange in the Middle East, and it also trades crude oil. The trading hours for crude oil on the DGCX are from Sunday to Thursday, 6:30 AM to 11:30 PM Gulf Standard Time (GST).
MCX-SX: The MCX Stock Exchange (MCX-SX) is the third largest stock exchange in India, and it also trades crude oil. The trading hours for crude oil on the MCX-SX are from Monday to Friday, 9:00 AM to 5:00 PM IST.
Conclusion
Knowing when crude oil stops trading is important for traders and investors who are interested in the energy sector. The trading hours of crude oil can affect the liquidity and volatility of the market, which can impact the profitability of trades. By understanding the trading hours of crude oil on various exchanges, traders and investors can plan their trades and manage their risk accordingly. It is important to note that the trading hours of crude oil can vary depending on the exchange and the time zone, so it is important to check the trading hours of the exchange where you trade.