Crude oil is a key commodity in the energy sector and a significant geopolitical asset. Its price fluctuates due to various factors, offering numerous investment and trading opportunities. FBS allows you to trade two primary brands of crude oil: WTI and Brent.

Technically, trading oil is similar to trading other assets. Fundamentally, you need to understand the oil market drivers. First, global oil demand is often influenced by OPEC’s announcements. Second, geopolitical events, such as conflicts involving major oil producers, also impact prices. Technical analysis can further guide your trading decisions.

To trade oil and gas online, open an account with a reliable broker like FBS. Use MetaTrader 5 or the FBS Trader app to find the energy commodities you want to trade: Brent (XBRUSD), WTI (XTIUSD), or gas (XNGUSD). You can trade in both directions; open a long (buy) position if you expect prices to rise or a short (sell) position if you expect them to fall. FBS offers zero commission, competitive spreads, and 1:200 leverage for trading these commodities.