Is crude oil a financial asset?

[Trush Jodie]

I was asking AI possible assets that one can hold to expect yield in the future. And the AI listed crude oil as one of the financial asset. Shocked.

I want to know if crude oil can be considered a financial asset? What makes it a financial asset if it is?

 

[Suba]

Although crude oil is not traded physically, it can be traded as a derivative (contract), so it is included as a commodity or financial asset.

 

[Kera]

As long as crude oil is traded on global commodity exchanges, investors can jump in to invest in it making it a financial asset.

 

[Springtime]

Crude oil is traded on commodity exchanges. Therefore, it is considered as a financial asset.