ETFs??????
2006-07-25 05:14:25 · 10 answers · asked by bfarris21 1 in Business & Finance ➔ Investing
You can do it through an etf or you cna actually tradethme on your own through the futures markets.
Unfortunately you cannot buy just one barrel. I forget the exact number of barrels in a contract, but its over 100.
all the contrract is, is a form that says you agree to buy xxx many barrels of oil on this date. if you hold it till experation, your stuck with that oil and have to take delivery, but you can sell a contract at any time. They are no harder to sell than a stock is.
So ou buy the contract now and sell it before experation.
BUT,THIS IS HIGHLY RISKY. These conteracts are worth 10s of thousands of dollars, if you are on the wrong side of a move in oil, you can easily ge wiped out. Trading futures contracts is NOT investing, it is a form of speculation.
2006-07-25 07:12:14 · answer #1 · answered by urbanbulldogge 4 · 1⤊ 0⤋
Yes, a person can place bets on the price of oil through an ETF. For example, ETFS Oil Securities, http://www.etfsecurities.com/oil/, has ETFs for both WTI (West Texas Intermediate) and Brent. Obviously, these types of investments require significant caution and expertise.
2006-07-25 06:07:08 · answer #2 · answered by Someone with a free answer 3 · 0⤊ 0⤋
Some good ETFs that track the Oil market:
XLE
VDE
OIH
IYE
2006-07-25 06:05:14 · answer #3 · answered by Yardbird 5 · 0⤊ 0⤋
$7 a gallon for 30 gallon barrel of Cennex motor oil :)
2006-07-25 06:26:47 · answer #4 · answered by NOVA50 3 · 0⤊ 0⤋
1
2017-02-14 19:34:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You have to go directly to the distributor, but it is likely that you are not talking about crude oil...more like motor oil. Crude oil will do you no good unless you are manufactor things like gas, etc.
2006-07-25 05:18:05 · answer #6 · answered by Casey G 2 · 0⤊ 0⤋
We buy our oil through our local FS dealer. Im sure there is some sort of dealer in your area that delivers bulk oil.
2006-07-25 05:20:28 · answer #7 · answered by erik c 3 · 0⤊ 0⤋
If you want to buy crude from Nigeria contact me, and i should like to help you
fitmanodi@gmail.com
+234 8033607535
Fitman Uba
2014-01-23 12:34:50 · answer #8 · answered by Urban and Rural 1 · 0⤊ 0⤋
its counted in barrel one barrel equal to 200 ltr.
2006-07-25 05:17:17 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Go to the middle east and make deals with them..
2006-07-25 05:18:08 · answer #10 · answered by emac4lyf 4 · 0⤊ 0⤋