2006-08-19 16:28:00 · 6 answers · asked by ben b 1 in Business & Finance ➔ Investing
Lots of ways.
Depends on what you like.
ETFs/holders are probably the best way. You can invest in:
USO = is pegged close to the price of crude oil
OIH = is oil holder
OIS = oil svcs holder
You can also buy individual stocks like FTO (FRontier oil) or HAL (Halliburton)
You can also buy other energy stocks if you think there'll be a halo effect.
Be sure you know what you're doing first and are comfortable with you decisions about following energy and alway practice safe money management!
Hope that helps!
2006-08-22 20:52:21 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Buying oil company stocks is a great way to profit. Pick one or two different ones, maybe a driller and a distributor.
Or you can by an ETF which is linked directly to the price of oil.
2006-08-19 23:44:10 · answer #2 · answered by kcincon 3 · 0⤊ 0⤋
Of course. Oil stocks.
http://www.nabloid.com
2006-08-20 03:27:53 · answer #3 · answered by ulchka 3 · 0⤊ 0⤋
You can buy individual oil stocks or USO (oil ETF ). You may also buy
XLE ( Oil stock ETF). Look them up in Yahoo finance or Google.
2006-08-23 02:19:11 · answer #4 · answered by Pk D 3 · 0⤊ 0⤋
You could try trading oil futures. Start here: http://www.integrityenergy.com
2006-08-20 09:31:44 · answer #5 · answered by iggy1616 1 · 1⤊ 0⤋
better than that.... sell dipetane
2006-08-19 23:36:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋