What happened?

Oil prices have surged sharply in recent weeks following a major escalation in the Middle East conflict.  After trading at around US$65 per barrel earlier this year, the global oil supply faced disruption triggered by the blockade of the Strait of Hormuz, one of the world’s most critical energy chokepoints.  As a result, Brent crude climbed above US$110 per barrel, the highest levels in years.  With oil prices rising and volatility remaining elevated, many investors are looking at oil, whether as a potential opportunity or a risk to navigate. Previously, we shared how to buy gold in Singapore, another asset class impacted by the Middle East conflict.  As an investor in Singapore, you might also be thinking about whether oil deserves a place in your portfolio. Before you invest, let’s explore the different ways to gain exposure to oil and understand the key benefits and risks involved.

How

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