Crude oil futures refers to a trading method that trades through an exchange and takes a specified amount of crude oil as the subject matter at an agreed future time. The two parties to the transaction agreed in the contract to deliver crude oil at a specific time, at a specific price and with a specific quality. Crude oil futures is a derivative, and its price is closely related to the spot market price. The opening of crude oil futures means that the market will be open to the public and more people can participate in the trading of crude oil.

Crude oil futures is a high-risk investment product, with great price fluctuation, but it also has great investment value. Opening crude oil futures can make the public know more about the international crude oil market, which is of positive significance to the development of domestic oil industry. In addition, the opening of crude oil futures can also provide effective risk management tools for oil companies, which is of great significance to market stability. In addition, the opening of crude oil futures can also promote the development of China crude oil futures market and help to enhance China's voice in the international market.

Crude oil futures is a high-risk investment product. When trading, investors need to carefully choose the trading platform and trading volume to avoid huge profits and losses caused by price fluctuations and other factors. At the same time, the crude oil market is affected by many factors, such as international situation, geopolitical risks and monetary policy, so traders need to pay attention to the dynamic changes of related factors. In addition, investors in crude oil futures should also pay attention to abide by relevant regulations and not engage in insider trading and price manipulation, otherwise they will face serious legal risks.