Oil matters to inflation more than almost any other single commodity because it touches everything. Transport costs more, manufacturing costs more, even your electricity bill costs more, because an oil price move flows through to nearly every other price in the economy. BNO is also the top performer on this entire list, which tells you how large this year’s Middle East supply shock has actually been. The risk cuts both ways. The same headline risk that took this up 104% can reverse just as fast if there is real de-escalation, and futures funds bleed a little to the roll from month to month even when the price goes nowhere.

Commodities usedlike oil  to mean opening a separate futures account. Futures are leveraged, and they come with quirks like contango and backwardation, where near-term and far-dated contracts price differently and can quietly cost you money on the roll from one contract to the next even when you called the price direction right. That, plus a whole extra account to manage, kept most retail investors out. what you think oil price will rise futher with war keep going on