buying oil

aidanki

who is buying oil at the min ?

http://www.rte.ie/news/business/2015/0318/687790-oil-prices/

might buy some given the price has collapsed and eventually when signs of a conclusion to the game of chess in the Ukraine appear or OPEC decide they need money the price will recover

who is the best broker to contact for this type of transaction

Value Hunter

I'd hold off another month or two, storage is running out in the US, should be full by April.

aidanki

Value Hunter wrote: »

I'd hold off another month or two, storage is running out in the US, should be full by April.

I hear what you are saying........is that the point at which OPEC will start cutting production

Value Hunter

aidanki wrote: »

I hear what you are saying........is that the point at which OPEC will start cutting production

There's no guarantees OPEC will cut production. Once storage in the US is full all the extra oil produced per week will have to go straight into the market. Wouldn't be surprised to see WTI oil near $30.

I'm building a list of beaten down oil related stocks and hoping to pick up some bargains over the next few months.

ixus

USO contango. Google.

For ever odd

ixus wrote: »

USO contango. Google.

What I got out of that is your better to trade the roll over yourself than buy a oil etf.