I'm new to investing, but how can I invest my money in buying oil? Is there a ticker symbol for it?

you should consider oil %26amp; gas companies if you're considering investing in that industry. do your research before you do. also, consider pipelines and oil services companies as well. the only company i know is team, inc.





http://www.teamindustrialservices.com/ma鈥?/a>I'm new to investing, but how can I invest my money in buying oil? Is there a ticker symbol for it?
Quote: ';I can see that you are new...oil has dropped almost daily for the past few months. Why would you buy a commodity that has declining demand?';





That seems like a great reason to buy! Warren Buffet says ';The dumbest reason to buy a stock is because it's going up';. I would that that the opposite might have some validity.





I know this isn't really an answer, in fact, I have posted a similar question.





Cheers!I'm new to investing, but how can I invest my money in buying oil? Is there a ticker symbol for it?
There are oil ETF's, which are stocks that allow you to buy, say, the price of crude (DXO for instance). IEZ is an ETF that allows you to invest in the major oil equipment companies. So yes, you can buy a stock that tracks the price of a barrel of crude.
Oil is traded on the commodities market. If your interested in stock, then you invest in the individual company. Below is a site that tracks oil prices.
Normally you either buy the stock of individual oil companies (or their bonds), or you invest in an energy sector mutual fund.
I can see that you are new...oil has dropped almost daily for the past few months. Why would you buy a commodity that has declining demand?