Crude Oil Future September 20

INVESTING IN CRUDE OIL FUTURES Crude oil futures contract enables investors to trade a predetermined amount of the material at a specified future date. eToro offers investors a Crude Oil contract. The expiry date for positions on this product can be found on our <a class="link" href="/trading/market-hours-and-events/" target="_blank">Market Hours & Events page</a> for commodities. The futures can be traded on the NYMEX exchange. Future oil contracts try to predict the future price of this commodity, and, therefore, depend on the price of the commodity itself. The price of oil futures can be affected by the estimated value of the commodity and is also sensitive to speculations and possible bidding wars among traders. WHAT DRIVES THE PRICE OF OIL AS A COMMODITY Crude oil is a raw, naturally occurring, nonrenewable resource that is extracted and refined for a variety of applications and petroleum products. As a commodity, crude oil is traded in global markets through spot oil and derivatives contracts. Investors may trade oil as a speculative asset, to diversify their portfolio, or as a hedge. As with most commodities, the price of oil depends greatly on supply and demand. Oil and oil futures prices are also influenced by different geological factors, legal frameworks, operational costs, technology in the field, global politics, and more. Track oil futures for more updates and news on the current CL.SEP20 value. CME GROUP MARKET DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR CERTAIN ETORO (EUROPE) LIMITED PRODUCTS. CME GROUP HAS NO OTHER CONNECTION TO ETORO (EUROPE) LIMITED PRODUCTS AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY ETORO (EUROPE) LIMITED PRODUCTS OR SERVICES. CME GROUP HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE ETORO (EUROPE) LIMITED PRODUCTS AND SERVICES. CME GROUP DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO ETORO (EUROPE) LIMITED AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN CME GROUP AND ETORO (EUROPE) LIMITED.