I think oil prices will go up after the election. I own USO, what are some other ways to play it?

Answer 1

You could trade individual stocks, or perhaps some holders such as

OIH - Oil Holders
OIS - Oil Services
XOI - Oil index

But, in stocks, USO is the closest to tie directly to oil since it "tracks" to the crude price.

Outside of stocks, you can trade crude oil or unleaded gas.

Hope that helps!

Answer 2

i think you are going to be burned badly. Oil doesn't care about the elections Oil cares about the weather, trouble in Nigera, Venezuela and mostly OPEC who has cut production effective Nov 1. Those effects will NOT be seen until Mid December. But I do have a price watch on XLE.

This is a democratic ploy saying Oil will go back up if the republicans retain control. If that was true why hasn't Oil gone below $40 when we took control of Iraq?

It still has some serious downside to go and I'm not touching it until after the first of the year.

Answer 3

Buy Futures Options Calls on Crude Oil with an expiration date of when you think it will go up by.

Answer 4

I would check out these sites

http://oil-profits.org/

http://www.insidethepipelines.com/

http://energy-reporter.org/

I bought EGY this week after reading about it on http://energy-reporter.org/ and it made a really nice move today.

Answer 5

that's the way to go, I agree with you 110%