How To Buy Oil Commodities

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Are they printing their money faster than the US, flooding the world with their currencies, buying in larger bulk and bidding the US out of existence?

Best Answer

sounds about right..

I would like to get into Crude Oil trading (or commodities trading) but I am not sure where to begin. I don't want to end up in a situation where I have 1000 barrels of crude oil delivered to my house or something. I simply want to buy and sell commodities without ever having to take delivery of anything. Is this possible?

Best Answer

All you have to do is open an account with a futures broker, who offers access to the markets you're interested in. Most brokers wouldn't allow you to go to delivery unless you are a physical trader, so generally there's a clause in the agreement, which states that the broker has the right to close out your position in order to avoid physical delivery. However, with that said, you must always understand the contract you're trading! That means knowing all the specifications including the key dates, like first notice date, last trade date, expiration date and etc. If you don't want delivery then you should close out your position prior to the first notice date. You can find a lot of info on websites of various futures exchanges: http://www.nymex.com http://www.cme.com http://www.cbot.com and other.

Best Answer

it's just an opinion. Saying so doesn't make it so

OK so Oil is around $100 a barrel. How do I buy and sell these "barrels". Im guessing commodities, but how do i do it, will etrade do the trick? Thanks.

Best Answer

Don't invest in oil.

any way you know to buy oil without buying commodity, or stock in an oil company itself -- any etf that acts as a commodity? or mutual fund? ishare?

Best Answer

There's an etf, ticker DBO, that is supposed to track the price of crude oil, but I've been watching it lately, and it seems rather illiquid. Check it out: http://finance.yahoo.com/q?s=dbo