If you fancy trading an oil explorer rather than the commodity, you might take a look at Tullow Oil. In 2009, the stock doubled in price but has underperformed so far this year. The current sell-off could provide a good buying opportunity. Capital Spreads quotes a price of 1,282p-1,286p for the June contract.
Recruiter Michael Page has said that market conditions have stabilised and it is hiring staff again. Encouragingly, two-thirds of its earnings come from outside the UK, which makes it a good play on sterling weakness. Technically, its shares have been in a rising trend channel since August and the shares could appreciate to test a resistance level above 420p. Spreadex offers a spread of 382.60p-384.80p.