Buy Oil Futures Fidelity May 2026

Fidelity does not support a native futures trading desk. Instead, investors looking to "buy oil futures" via Fidelity typically follow one of two paths:

Most retail investors on Fidelity gain oil futures exposure through Exchange-Traded Funds (ETFs) like USO (United States Oil Fund). these funds hold near-month futures contracts, attempting to track the price of West Texas Intermediate (WTI) crude. The Hidden Risk: Contango and Backwardation buy oil futures fidelity

When the current price is higher than the future price. This creates a "roll yield" profit, acting as a tailwind for the investor. Leverage and Margin Fidelity does not support a native futures trading desk

Futures are inherently leveraged instruments. A small movement in the price of a barrel can represent a massive swing in account equity. This leverage is a double-edged sword; it allows for capital efficiency but necessitates rigorous risk management. On a platform like Fidelity, where the focus is often on long-term wealth preservation, the high-octane nature of futures trading requires a pivot in mindset from "investing" to "active risk management." The Hidden Risk: Contango and Backwardation When the