: 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.
AI responses may include mistakes. For financial advice, consult a professional. Learn more What Are Oil Futures and How Do You Trade Them? - IG how do you buy oil futures
: Traded on NYMEX with the ticker CL . It is the primary US benchmark. : Most retail platforms do not allow physical delivery
: Represents 1,000 barrels. Every $0.01 price move (one "tick") is worth $10. how do you buy oil futures
: Represents 100 barrels (1/10th the size). This is ideal for beginners as it requires significantly less margin and capital. 3. Place and Manage Your Trade
