Oil trading is speculating on the price of Brent (XBRUSD) or WTI (XTIUSD) crude oil without taking physical delivery.
You open a long position if you expect prices to rise, or short if you expect them to fall. Your profit or loss is the difference between entry and exit prices, calculated on the full position size.
Oil prices react to the EIA's weekly inventory report, OPEC+ production decisions, and geopolitical supply disruptions — creating short-term trading opportunities in both directions.