I want to buy some barrells of oil

SpongeBob_NoPants_2

If oil is set to reach $200 a barrel, from todays $135, how do i buy some barrells and make lots of lolly?
Thanks & Keep the good work going :money:

jon3001

I expect ETFs (tradeable over the stock market) would be more convenient than actually buying the barrels. ETFs are backed by commodity futures contracts of various dates. The price movements should be strongly correlated with the spot prices you've seen and, because of the nature of the ETF investments, can generate additional returns in the form of interest and roll-yield.

These guys seem to be the main player:
http://www.etfsecurities.com/

Don't ask me which oil ETF to go for. Personally I prefer broader commodity plays such as this one:
http://www.etfsecurities.com/csl/fwd/etfs_all_commodities_f3.asp

realaledrinker

First rule ... lern to spel.

jonesMUFCforever

Where will you keep these barrels?

You'll need planning permission you know! LOL

MABLE

realaledrinker wrote: »

First rule ... lern to spel.

Did not do the Apprentice winner any harm buy not being able to spell.

LongTermLurker

jonesMUFCforever wrote: »

Where will you keep these barrels?

You'll need planning permission you know! LOL

...and a big dog to guard them the way things are going :rolleyes:

BMWobbleU

MABLE wrote: »

Did not do the Apprentice winner any harm buy not being able to spell.

"buy"...by....bye :beer:

MABLE

BMWobbleU wrote: »

"buy"...by....bye :beer:

Go to the top of the class big boy

Frugality_2

Who says oil is going to reach $200 a barrel anyway? The media?

Remember, Oil is so expensive now largley due to tycoon speculators like George Soros.

Go ahead and buy your barrels at $135 because you could see $40 per go in a matter of months.

Go gold if you have change lurking about.

Inactive

...and what if the price of oil nose dives, you are going to lose some serious lolly.

Stop dreaming.;)

esbo

jonesMUFCforever wrote: »

Where will you keep these barrels?

You'll need planning permission you know! LOL

Not if he stores it underground.
If he drills a deep borehole he can pump it into the ground and then
pump it back up later.