: Represents 1,000 barrels. Every $0.01 price move (one "tick") is worth $10.
: Most retail platforms do not allow physical delivery. You must "roll" your position into the next month or close it before the expiration date to avoid being legally obligated to receive actual barrels of oil. how do you buy oil futures
: Use Market orders for immediate execution, or Limit orders to buy at a specific price. : Represents 1,000 barrels