What is Oil Futures? Oil futures are contracts that allow investors to bet on the future price of oil. These contracts are traded on exchanges, and the price of oil is set by the market. Futures contracts can be for any quantity of oil, and they can be traded for any length of time. Oil futures are used by investors to hedge against changes in the price of oil, and by producers and consumers to lock in prices for future purchases. Oil futures are also used as a tool for speculating on the future price of oil. Why Do You Trade Oil Contract? Oil futures contracts are popular among investors…
