It depends on how you trade crude oil. At present, China has limited legal channels to trade crude oil. Either buy funds, stocks, foreign exchange (risky, forbidden), or trade crude oil futures.

Among them, the biggest risk is crude oil futures trading, the annual contract of crude oil futures launched by Shanghai International Energy Trading Center. The implementation of margin system in futures trading means high leverage and more contracts with less money.

The risk of foreign exchange trading is greater, because the platform is not filed and there is no supervision, and the legitimate rights and interests of customers cannot be guaranteed.

K-line chart of 20200925 crude oil futures contract