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Brent crude oil has always been popular with commodity traders. thanks to its speculative potential. In early 2026, interest in the “liquid gold” spiked due to big price rises caused by the outbreak of war in Iran. Brent crude broke $100 per barrel in early March after military activity in the region disrupted shipping in the Strait of Hormuz — a chokepoint handling a significant proportion of global oil supply.
This price spike caused a rush of speculation-driven traders into energy markets, and interest in Brent crude trading has remained high since. For anyone interested in capitalizing on Brent’s wild price swings, Bybit TradFi offers a flexible and beginner-friendly environment where you can trade it — even if you aren’t a seasoned commodity trader.
Key Takeaways:
Brent crude oil is a globally traded benchmark commodity whose price is driven by OPEC+ decisions, geopolitical events and macroeconomic data, making it one of the most volatile and actively speculated-upon commodities in the world.
Bybit TradFi allows traders to access Brent crude oil via the UKOUSD CFD contract, using USDT as margin, with leverage of up to 500x and no physical delivery obligation.
Effective oil trading on Bybit requires disciplined risk management, including stop-loss orders, conservative leverage sizing and close monitoring of geopolitical and macroeconomic developments.