I just reviewed the options for investing in oil, and honestly there are more platforms than I thought. The interesting part is that not all of them serve the same purpose, you see?

With crude oil prices so volatile lately (the blockade is affecting almost 20% of the global supply), people are looking for quick ways to get into this. Some go for CFDs because with little capital you can speculate upward or downward, others prefer ETFs or direct shares of oil companies like ExxonMobil. It really depends on your style.

Mitrade caught my attention because you start with $20 USD and no commissions, only tight spreads. If what you want is something simple to invest in oil without complicating things, it’s fine. Then there are Interactive Brokers and Admiral Markets if you already have experience and want more serious tools with MetaTrader. eToro has its thing with copy trading, which is cool if you prefer to copy strategies from others.

What no one tells you is that investing in oil also works as a hedge against inflation because it rises with everything. It’s an asset that will always hold value as long as the global economy needs it.

Now, if Brent drops below $90 as some predict if traffic recovers, opportunities can change quickly. Are you already involved in this or are you still exploring options?