The last couple of years (since the pandemic) there has been an extraordinary growth in ways to gamble – sorry, speculate – on the price of oil.
I put together a few options here.
Let me know if I’ve missed any of your favourite ways to lose money!
https://www.energyvoice.com/markets/601347/oil-speculating-cme-perps-etf-prediction-markets/
Posted by EdReedEV
2 Comments
I think speculation of oil pricing as just another way to mentally and financially edge yourself, way more than potentially gambling
Micro WTI contracts are probably the least predatory of the bunch since they have a clear expiry and no funding rate trap. Prediction markets for oil just add political noise to a trade that’s already tough enough without betting on what some politician might tweet. Perps seem engineered to collect funding fees from people who don’t understand contango.