Wednesday, December 30, 2009

Buying into Oil: How to?

I've noticed that Oil trades on commodities, how do I as a private investor invest in Oil?Buying into Oil: How to?
There is an ETF called USO


/Buying into Oil: How to?
You can do it in a few ways...





1. If you have an investment account set up, ask your trader to buy/sell oil contracts depending on the way you see it going to trend.





2. You can purchase/short oil companies stocks like MRO, CHK, and others.





3. Open a commodity trading account online, and buy/sell there.
You could buy Gold and silver their prices follow oil and outperform oil when big banks fail or other economic problems come about. .

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