Crude oil is just one kind of commodity futures. Commodity futures is a kind of futures contract with physical objects as the subject matter. It is a standardized agreement about buying and selling a certain number of physical goods at the price agreed at the time of signing in the future. Commodity futures trading is a standardized contract trading method for buying and selling specific commodities on futures exchanges. The variety of commodity futures trading is increasing with the development of trading. From the traditional futures of agricultural products such as cereals and livestock products, it has developed into futures trading of various non-ferrous metals, precious metals and energy.

Futures are divided into commodity futures and financial futures. Commodity futures are futures contracts based on physical goods. Including agricultural and sideline products, metal products, energy products and so on. International crude oil is a futures product belonging to energy products, or a specific futures contract.

Crude oil futures is a kind of commodity futures, including agricultural products, non-ferrous metals, precious metals, energy and chemical industry, black series and other sectors, in which crude oil belongs to the energy and chemical industry sector.

According to the classification of transactions, futures are divided into commodity futures and financial futures.