what i mean is with the price of oil barrells going up almost everyday wouldnt it make sense for me to buy barrells of oil and make money off the investment
2006-08-07 13:15:16 · 4 answers · asked by illproducers 2 in Business & Finance ➔ Investing
Its certainly better than complaining about it. Investing in oil futures is better that actual barrels of oil. You buy and sell contracts for delivery of a certain number of barrels at at set price at a set date. As long as your 'sale' contracts and 'purchase' contracts are for the same number of barrels on the delivery date, you don't never have to actually see the oil. If commodities trading is not for you, (and its not for most people) invest in oil company stock.
2006-08-07 13:25:52 · answer #1 · answered by STEVEN F 7 · 0⤊ 1⤋
The answer is yes...but be care full...because of the little pricks of wallstreet...today its chevron...tomorrow shell the next day its Hal....in /out together.....its like their own WAVE...if you just invest...close your eyes to the daily movements...maybe by DEC1 you should be up ...another 10% after that GET OUT..
GOOD LUCK......
2006-08-07 21:20:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
what go up can go down. you have to learn constantly about market environment.
fundamental, technical analysis, sentiment analysis
like geoplotical, new source of energy. keep your information abreath. constant monitor of information serve you well. if you buy and put in the corner, it's not going work that way.
learn fundamental analysis, technical analysis, sentiment analysis
2006-08-08 02:12:59 · answer #3 · answered by Hoa N 6 · 0⤊ 0⤋
It's called buying futures. It would be safer to just buy BP and Exxon stock.
2006-08-07 20:20:51 · answer #4 · answered by Pancakes 7 · 0⤊ 0⤋