Commodity futures, also known as futures contract is a business transaction to buy or sell a commodity at a specific date in the future at a specific price. In order for a good to be included in a futures market, it must be standardized, unprocessed, and raw, must have an adequate shelf life for delivery, and there must be price fluctuation and uncertainty for the good. These makes the futures market profitable for people, even to those who are not really interested in buying or selling the actual goods.
There are many things that are traded in a futures market and one of them is oil. It is a very important commodity as it greatly affects the global economy. And with the help of modern internet telecommunications, anyone with enough capital can participate in oil trading. You can now trade oil in New York Mercantile Exchange (NYMEX) or through Forex brokers as contract for difference (CFD). Through oil trading, you can make money with oil without actually owning one, while you are behind a computer screen.