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Someone please answer about crude oil

Someone please answer about crude oil

Published: Wednesday, March 16, 2022 · 9:49 PM | Updated: Wednesday, March 16, 2022 · 9:49 PM

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If I buy crude oil at spot price in the financial markets does that mean I technically own physical barrels of oil or no?.
And also how is the price seen on our screen set and do speculators have an affect on this price or only real world transactions submitted by .
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I’ve always wondered how this works. If I buy crude oil at spot price in the financial markets does that mean I technically own physical barrels of oil or no? And also how is the price seen on our screen set and do speculators have an affect on this price or only real world transactions

submitted by /u/Ok_Guidance_2753
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