investing in gold / oil through ETF/ETC

oz0707

Bloody hell seems halifax knew me better than myself. Not to say I wouldn't have sold out at a profit but seems oil is low again. Is the simplest option still just to buy some big oil shares, Shell BP or something such as?

oz0707

Having looked more into it I am more confident than ever I don't know what I'm going on about... brent, crude, shale - bloody minefield. Think I'll sit this one out still have some tullow shares which I bought at too much!

Username999

May low now $0.01 / barrel. (one cent)

EdGasketTheSecond

RDSB ought to be a fiver not still above £13 and even marginally up on the day; very strange.

Username999

Price now is -$7.50 (negative $7.50).
BP and Shell (and other producer/refiners) should come out of this well IMHO.
Unless you think we'll never use Oil products again.


May contract expires tomorrow, June contract is still around $20 / barrel.

AnotherJoe

eskbanker said:

Username999 said:

Demand has fallen off a cliff, but Saudi has increased production because Russia would not cut, to bankrupt the US shale upstarts.  

Record deal to cut oil output ends price war

Well, that didnt age well, LOL.

ColdIron

Nor did this

Alistair31

ColdIron said:

Nor did this

Wee Nicola has finally stopped banging the independence drums. 

EdGasketTheSecond

Amen for that

DiggerUK

When something happens, that hasn't happened before and you don't say it's different this time.......you make a gold bug look sane..._