Recently, I started researching how I can invest in oil without making things too complicated, and honestly, there are more options than I thought. The volatility of crude oil is brutal, especially with everything happening in the Middle East and OPEC's decisions. One day, the price can go up or down more than 10% due to a news report, so for those looking to trade short-term, there’s potential.

The first thing to know is that there are two main benchmarks: Brent (which accounts for two-thirds of the global market) and American WTI. Brent is more sensitive to geopolitical crises and route blockages, while WTI reacts more to U.S. economic data and inventory reports. For a beginner, both work similarly (correlated above 90%), so the difference isn’t huge.

Regarding ways to invest in oil, you have several options: shares of oil companies like ExxonMobil or Chevron, ETFs that track the price, futures if you have experience, or CFDs if you want something more accessible with little capital. Most beginners start with CFDs or ETFs using small amounts.

As for platforms, Mitrade stands out for being super simple with tight spreads and no fixed commissions. You can start with $20. eToro is popular for its copy trading feature if you want to follow other traders. Interactive Brokers is geared toward professionals seeking access to futures and options. Plus500 specializes in CFDs with advanced risk tools. And Admiral Markets is the choice if you already use MetaTrader.

The truth is, how I can invest in oil depends a lot on your profile. If you’re just starting out, Mitrade or eToro are more accessible. If you have capital and experience, Interactive Brokers offers more possibilities. The important thing is to choose a regulated platform and understand that this isn’t easy money, especially with leverage.