How Do You Buy Oil Futures Review

: 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 NYMEX with the ticker CL . It is the primary US benchmark. how do you buy oil futures

: You will need to provide personal identification (government-issued ID), financial disclosures (income and net worth), and acknowledge specialized risk disclosures. : Most retail platforms do not allow physical delivery

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. financial disclosures (income and net worth)

: Traded on ICE (and CME with ticker BZ ), this is the international benchmark. Contract Sizes :