Fidelity does not support a native futures trading desk. Instead, investors looking to "buy oil futures" via Fidelity typically follow one of two paths:
Crude oil remains the world's most critical physical commodity, serving as the primary pulse point for global industrial health. Trading oil futures is essentially a bet on geopolitical stability, supply chain efficiency, and the pace of the global energy transition. Unlike equities, which represent a stake in a company’s future earnings, oil futures are a direct play on the immediate and future scarcity of a tangible resource. Factors such as OPEC+ production quotas, shale output in the Permian Basin, and demand fluctuations in emerging economies create a high-volatility environment that can offer significant rewards or devastating losses. The Fidelity Gateway buy oil futures fidelity
A "deep" understanding of oil futures requires mastering the concept of the "roll." Because futures contracts have expiration dates, an investor cannot simply "buy and hold" forever. Fidelity does not support a native futures trading desk
When the current price is higher than the future price. This creates a "roll yield" profit, acting as a tailwind for the investor. Leverage and Margin Unlike equities, which represent a stake in a
Most retail investors on Fidelity gain oil futures exposure through Exchange-Traded Funds (ETFs) like USO (United States Oil Fund). these funds hold near-month futures contracts, attempting to track the price of West Texas Intermediate (WTI) crude. The Hidden Risk: Contango and Backwardation