How to play crude oil futures?
Investing in crude oil futures requires a certain understanding of its trading rules and risks:
1 Understand the trading rules: the domestic crude oil futures trading unit is 1000 barrels per hand, with the minimum change unit of 0. 1 yuan, and the price limit is limited to 4% of the settlement price of the previous trading day. The last trading day is the last trading day of the first month before the delivery month, and the delivery date is five consecutive trading days after the last trading day.
2 Understanding risks: Crude oil is the blood of industry and one of the most important resources in the world at present. The price of crude oil is easily influenced by many factors, and the prosperity of the world economy is the main factor affecting the demand for crude oil. In addition, crude oil futures are very vulnerable to geopolitical risks in the Middle East, and such events are generally sudden.
In short, understanding trading rules and risks is the reason to invest in an asset. In the process of crude oil futures trading, we should always remember to control risks.