One indirect way to profit from the price of oil is to trade currencies which have their value roughly based on the price of oil. Norway’s entire economy is oil driven, so its booming now with the price of oil, and will most likely fall into recession if the oil price hits the target you are predicting.
Another indirect way is to buy stocks for companies which benefit from a fall in oil prices, fertilizer and other agro products are likely to benefit from cheaper oil. I’m sure there are others, but it is actually quite a bit ‘safer’ than raw bets against the oil price.
