how do cfd and commodities traders use wti crude oil 
while some traders purchase spot contracts on wti crude in which ownership of the oil changes hands at the moment of purchase and the price reflects the cost of crude at that moment it is far more common for traders to purchase futures contracts with futures contracts the price agreed upon reflects what both the buyer and seller believe will be the price of wti crude at a predetermined future date those who trade on oil cfds are essentially predicting how the price of oil will move before the position closes 