Jump to content

Weekend vs weekday interest rate Brent oil

Recommended Posts

Hi, first time here.

I bought Brent oil in Australian dollars. I just noticed the different interest rate btw weekdays and weekends.

On weekdays, I was getting +$3.6/day. Then on Monday, my statement says,

"Daily Commodities Interest for 3 day Oil - Brent Crude (A$1) -$0.06"

Does anyone know why it goes negative during weekend?

Share this post


Link to post
13 hours ago, BENTinAUD said:

Hi, first time here.

I bought Brent oil in Australian dollars. I just noticed the different interest rate btw weekdays and weekends.

On weekdays, I was getting +$3.6/day. Then on Monday, my statement says,

"Daily Commodities Interest for 3 day Oil - Brent Crude (A$1) -$0.06"

Does anyone know why it goes negative during weekend?

Thanks for your first post ūüôā

You can get debits or credits with overnight funding depending on the adjustment. The best explanation is on our website. You can also find examples too:  https://www.ig.com/au/commodities

 

image.png

I hope this helps. If you need anything else '@' me 

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×