Online broker eToro is expanding its commodities range with eight new additions.

The new futures available to trade include:

• $GasOil.FUT: A refined petroleum product, crucial for heating and transport, meeting low sulfur environmental standards.
• $POWER.FUT: Tracks electricity prices in Germany, a benchmark for European energy trading.
• $UKNatGas.FUT: Priced at the National Balancing Point, a major reference for European gas markets.
• $CANOLA.FUT: A vital oilseed crop used globally for cooking oil and animal feed, heavily influenced by Canadian production.
• $COAL.FUT: Essential for electricity generation, with futures aiding in price risk management amid environmental shifts.
• $STEEL.FUT: A cornerstone industrial metal for construction and manufacturing, hedging against demand-driven price changes.
• $MILK.FUT: Key in cheese production, helping dairy producers and buyers manage price risks.
• $LUMBER.FUT: A building staple, with futures influenced by housing demand and supply chain dynamics.

These assets expire monthly. This means that they are subject to a contract that closes on a monthly basis. Any open trades on these markets will be closed automatically on the contract’s expiration date.