Murban Crude oil and Canola futures data becomes available on TradingView
TradingView users can access futures contracts on Murban Crude oil and Canola, delivered directly to their TradingView chart by Intercontinental Exchange (ICE).
Murban Crude oil futures are physically delivered contracts at Fujairah in the United Arab Emirates. These futures are the result of the UAE’s efforts to create a regional oil benchmark aimed at reflecting shifts in global oil flows. Murban Crude oil contracts’ geography, grade, and transportation dynamics offer investors with WTI and Brent Crude Oil exposure a new layer of diversification, allowing a finer approach to navigating regional growth and geopolitical influences in oil markets. Murban futures trading was launched in March 2021 on the specially created ICE Futures Abu Dhabi platform.
Canola futures are another crucial addition to TradingView data. Canola is increasing in popularity on the markets. This crop produces pods, from which seeds are harvested to create canola oil (base for biofuel) and meal (common animal food). The most hyped is its first product — biofuel demand is rising both in the US and globally, making canola cultivation even more attractive for farmers. ICE Canola futures contracts serve as the world benchmark for canola trading, offering traders a direct insight into price trends and market demand for this key commodity.
Both types of contracts are now available on your charts. To dive into their price analysis, open the Symbol Search and type “ICEAD:ADM1!”, the ticker for Murban Crude oil futures, and “ICEUS:RS1!”, the ticker for Canola futures.
You can analyze the new contracts with advanced functionality, including switching between last and settlement prices, back-adjustment of contracts in continuous futures, and the Open Interest value to help you better assess contracts and trade more strategically.
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