With the price of oil skyrocketing (the price recently increased by 14% in a single week), you may be wondering if now is the right time to invest in this commodity.
There are plenty of ways to get in on the oil industry. For example, you can buy stocks of oil and drilling companies. But one of the most profitable – and riskiest – investments you can make is in oil futures.
In this article, we’ll look at what oil futures are, and then discuss the pros and cons of investing in them. You can then decide if they’re a good addition to your investment portfolio.