The oil industry is a vital component of the global economy, providing the energy needed to power transportation, manufacturing, and a wide range of other industries. Oil is a finite resource, and its extraction, production, and consumption must be managed responsibly to ensure that it continues to meet the needs of future generations.
Production involves the pumping of oil from the well to the surface, where it is transported to a storage facility for further processing. We employ the latest technologies and techniques to safely and efficiently extract oil from the ground while minimizing our impact on the environment.
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Crude Oil Investments Package
WHAT IS OIL TRADING?
Oil trading is the buying and selling of oil with the aim of making a profit. This can be done by buying the physical commodity, or speculating on its price. As oil is a finite resource, its price can see massive fluctuations due to supply and demand changes. This volatility makes it extremely popular among traders.
The three main ways you can trade oil are the oil spot price, oil futures or oil options. With us, you can use spread bets or CFDs to take any of these positions, without having to own any actual oil.
Open an accountWhat is the oil spot price?
Oil spot prices represent the cost of buying or selling oil immediately, or ‘on the spot’ – instead of at a set date in the future. While futures prices reflect how much the markets believe oil will be worth when the future expires, spot prices show how much it is worth right now.
What are oil futures?
Oil futures are contracts in which you agree to exchange an amount of oil at a set price on a set date. They’re traded on exchanges and reflect the demand for different types of oil. Oil futures are a common method of buying and selling oil, and they enable you to trade rising and falling prices.
What are oil options?
An oil option is similar to a futures contract but there’s no obligation to trade if you don’t want to. They give you the right to buy or sell an amount of oil at a set price on a set expiry date, but you wouldn’t be obliged to exercise your option.