Here’s Why Investors Are Betting On Oil

There are many opinions are surrounding when the oil price will recover. These views are sometimes manifested through the placing of bets on the price of oil.

Some believe the price will stay low for the foreseeable future, others think it will begin to gradually increase from here on out. According to the U.S. Commodity Futures Trading Commission, both long and short bets on the price of oil have reached a peak since the commission started tracking the data in 2006. The unpredictability of the oil price can be very profitable if one manages to accurately predict the direction of a price movement.

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