Trading Basics
Brent Crude
A type of oil extracted from the North Sea, off the UK.
Because of its constituent elements and cost to transport it can differ in price to other oil types, like West Texas Intermediate.
Other Trading Basics
Contango
This is when the futures price of a security is above the cash price at maturity. The opposite is backwardation.
Close to the Money
In options trading when the underlying price of the security is close to the strike price of the option.
Ask Price
The ask price is the level at which a seller is willing to accept a bid on a security.
The ask price is always higher than the bid price.
Also known as the offer price.
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Learn the skills needed to trade the markets on our Trading for Beginners course.