Oil Futures - How Do You Buy

: Most retail platforms do not allow physical delivery. You must "roll" your position into the next month or close it before the expiration date to avoid being legally obligated to receive actual barrels of oil.

: Traded on ICE (and CME with ticker BZ ), this is the international benchmark. Contract Sizes : how do you buy oil futures

Once your account is funded and you've selected a contract month (most traders use the "front-month," which has the most liquidity), you can place your order. : Most retail platforms do not allow physical delivery

Buying oil futures allows you to speculate on or hedge against the future price of crude oil without having to take physical delivery of the barrels. To start trading, you must open a specialized futures trading account with a registered broker and meet specific margin requirements. 1. Set Up a Futures Trading Account Contract Sizes : Once your account is funded