In stockmarket terms, can one buy barrels of oil? eg. at $50 / barrel & the next day sell them for....... ?

......say $60 / barrel?In stockmarket terms, can one buy barrels of oil? eg. at $50 / barrel %26amp; the next day sell them for....... ?
Yes. Actually, you can. The ticker is of course OIL.. What this is exactly is a representative interest in futures contracts of West Texas Intermediate. It currently trades at about $44.56 a share, about a 1% premium over the net assets (value of the contracts). The daily price swing of OIL is about $1.50 to at times $3.00 a share. In stockmarket terms, can one buy barrels of oil? eg. at $50 / barrel %26amp; the next day sell them for....... ?
You buy oil futures. You could buy the cash future but would have to sell or roll it over before the days expiry. Probably better to do one mont future (NOV). Oil is not in a barrell it is in a pipeline or storage tank.
Haha....no.





In stockmarket terms, you buy STOCKS, which are conceptual representations of projected and subjective value of a company or resource, etc.