---
title: "Crude oil - Meaning & GFN's Figure - Get Funded Now"
description: "The two benchmark crude grades - WTI in the US and Brent internationally - traded as instruments priced per barrel. Both are volatile and both respond to…"
url: "https://getfundednow.com/glossary/crude-oil"
language: "en"
last_modified: "2026-09-22"
publisher: "Get Funded Now (getfundednow.com)"
translations:
  es: "https://getfundednow.com/es/glossary/crude-oil"
  pt-BR: "https://getfundednow.com/pt-br/glossary/crude-oil"
  fr: "https://getfundednow.com/fr/glossary/crude-oil"
  it: "https://getfundednow.com/it/glossary/crude-oil"
  de: "https://getfundednow.com/de/glossary/crude-oil"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Instruments and markets

# Crude oil

The two benchmark crude grades - WTI in the US and Brent internationally - traded as instruments priced per barrel. Both are volatile and both respond to inventory data and production decisions.

Also called: WTI · Brent

GFN’s figure

A 3% move in oil is an ordinary day. On a $100,000 GFN Instant account, the entire daily allowance is $3,000 - which such a move covers at a modest position size.

In detail

## Crude oil, explained

Oil's scheduled catalysts are weekly inventory reports and periodic production meetings, and it can move several percent on either. That is a large move relative to most daily loss limits.

The spread between the two benchmarks moves independently of either price, which is why a view on one does not transfer cleanly to the other.

[The rule in full →](https://getfundednow.com/rules/instruments) · [Rules handbook](https://getfundednow.com/rules) · [Commodities and oil at GFN](https://getfundednow.com/instruments/commodities) · [More instruments and markets](https://getfundednow.com/glossary/category/instruments)

Related

## Terms that come with it

Most rules only make sense next to the ones they interact with. These are the entries this one depends on.

- [Commodities](https://getfundednow.com/glossary/commodities) - Raw materials traded as instruments - energy, metals and agricultural products. Prices are driven by physical supply and demand rather than by interest rates, which makes them move on a different calendar from financial instruments.
- [Natural gas](https://getfundednow.com/glossary/natural-gas) - A traded energy instrument priced per unit of gas, known for volatility well beyond any other commodity. Weather forecasts and weekly storage data drive most of its movement, and daily ranges regularly dwarf those of currency pairs.
- [Position size](https://getfundednow.com/glossary/position-size) - How many lots a trade is placed in. It is calculated from the dollar amount being risked and the stop distance, not chosen first - which is the reverse of how most traders approach it.
- [Economic calendar](https://getfundednow.com/glossary/economic-calendar) - A schedule of upcoming data releases with their expected impact, previous readings and forecasts. Checking it before a session is the cheapest risk control available to a trader.
- [Liquidity](https://getfundednow.com/glossary/liquidity) - How much can be traded at a given price without moving it. Deep liquidity produces tight spreads and reliable fills; thin liquidity produces wide spreads, slippage and gaps.

Also governed by [/rules/instruments](https://getfundednow.com/rules/instruments)

[Forex](https://getfundednow.com/glossary/forex) · [XAU/USD](https://getfundednow.com/glossary/xauusd) · [Silver](https://getfundednow.com/glossary/silver) · [Indices](https://getfundednow.com/glossary/indices) · [Cryptocurrency](https://getfundednow.com/glossary/cryptocurrency)

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Source: https://getfundednow.com/glossary/crude-oil
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt