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West Texas Intermediate crude oil futures are currently trading around $49.9 per barrel while Brent crude oil futures are at $55.7 per barrel.

To gain exposure to the oil markets, ETF investors have a number of futures-related oil ETF options to choose from. For instance, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, have been popular plays on the oil market.

Additionally, the ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free ETF (NYSEArca: BEF) tries to provide long-term capital appreciation designed to exceed the performance of the Bloomberg Energy Index 3 Month Forward Index, which tracks movements in the prices of rolling positions in a basket of energy commodity futures with a maturity between 4 and 6 months.

For more information on the crude oil market, visit our oil category.