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An oil breakthrough in Qatar and it's reflected in our trades

The price of oil has pared its gains this Tuesday after an agreement in Qatar between it, Saudi Arabia, Russia and Venezuela to keep output at January's levels. However, whether this will lead to major supply cuts is still unknown.

There's been a 'huge surge' in oil related trades on the Saxo trading platform in recent weeks and it appears that some traders feel a bottom might have been reached in crude's price.

Ben Ridgeway, a Sales Trader at Saxo Capital Markets in London, has noticed the change in flows and suggests some traders might want to look at the opportunities there could be in oil.

WTI has been hovering around $30 per barrel for the past few weeks. Ben looks at different ways of trading crude. While using options, he says, is a favourite of many traders, there's also been a big rise in the number of oil-related ETFs that are changing hands.

02:11 minutes
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