You must differentiate oil from oil stocks.
Oil is extremely volatile in the short-term and even more difficult to trade.
Many oil stocks are seeing increasing cash flow, leading to higher shareholder yield, as they realize higher oil sale prices.
Oil stocks are a still a screaming buy in my opinion and I think one easy play ETF will double in share price within 2 to 3 years.
There is a huge difference between oil and oil stocks. The price of oil moves on changing narratives in the short-term. The United States Oil ETF (USO) and 3x United States Oil ETF (USOU) are going to move a lot. You can try to swing trade those ETFs and affiliated options, and probably fail, or, you can scale in and out over longer time periods - that's what I do.
Read more: Oil Is Always Volatile Short-Term, But Is Going Up Medium Term