Plus500 Launch Oil Futures Contracts

Plus500 Launch Oil Futures Contracts

The drop in the value of oil in the last few months has been only overshadowed by the Covid-19 pandemic. However, in recent weeks, oil is beginning to make a recovery and so if you want to invest in the future price of the commodity, Plus500 has launched new oil future contracts.

The purpose of futures contracts are to be able to invest in the price that an asset will eventually reach. Right now, oil is one of the best options available for traders to be able to do this. This is because for months its value was dropping and at one point was in a super contango market, where the price was below 0.

80.5% of retail CFD accounts lose money.

80.5% of retail investor accounts lose money when trading CFDs with this provider

The purpose of futures contracts are to be able to invest in the price that an asset will eventually reach. Right now, oil is one of the best options available for traders to be able to do this. This is because for months its value was dropping and at one point was in a super contango market, where the price was below 0.

Of course, the only way from this point is up and it has already begun its upwards trajectory and move to recover. The question though is how far it will go and when exactly it will reach that value. This is exactly where the new oil futures contracts at Plus500 can help you as they aim to serve as a way for traders to invest in this exact scenario.  

They have a variety of new options which are well worth checking out by going to their platform now.

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