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As a UK taxpayer.. buy some BP stock. It's a reasonable investment if oil prices stay the same. It pays a dividend. If Oil prices go up it should also go up in value.

Stay the f away from USO, which was supposed to track the price of oil as an ETF, but is in fact kind of a scam.

How on Earth is USO a scam? It's an ETF.

Not advice, but you can trade oil futures and options if you have belief in your thesis.

Except, if other people already have the same belief, won't it will already be priced into any oil futures prices.

So that only works if it's a belief you hold, but you also think that others believe the opposite.

With futures and options you have to be right about both direction and timing. If you trade on the belief that oil prices are going up significantly in the next 6 month, but it actually takes 8 month for the oil prices to rise significantly then you've still lost money.