I want to buy Oil, what is the symbol, exchange and contract?

[TradeTune]

TradeTune-did you read my response? You can't buy the May contract at that price level unless you are going to take delivery. You need to look at later month futures and they are over $20/barrel.

$20 is still ok, i will buy it .. how to buy ?

 

[SanMiguel]

Thank you for you adive. .. it can't be USO show price around $4 ... these days oil maket price is 13-15$ rang.

This just shows you shouldn't be trading anything. Look up what a fund/ETF is.

 

[Robert Morse]

Open a futures account.

$20 is still ok, i will buy it .. how to buy ?

 

[hafez50]

Oil is very deceiving. The June contract Looks like it was around the price it is today in mid march. The $11 oil will be forgotten tomorrow when the June contract is the front month.

 

[1957may10]

hi all,

Oil is at 15$ these days and it has to go up. Saudi arabia needs it to be around $75 to run its daily affair. it will not stay at this level. please tell me how to buy it at Interactive brokers and what data feeds i need to be member for it at IB. Thank you

Oil hit $11 per barrel. Would it strike down from $10....

 

[CannonTrading_Ilan]

$20 is still ok, i will buy it .. how to buy ?

you need to open a futures account and if you never traded futures before, i recommend talking to a broker first to understand some of the ins and outs of futures trading.
Here are two good starting points:
https://www.cannontrading.com/riskopportunity
https://www.cannontrading.com/open-account

 

[Edmond]

https://seekingalpha.com/article/4338311-betting-on-higher-oil-prices-uso-is-not-right-vehicle

 

[TradeTune]

Open a futures account.

I have a future account

 

[bone]

And four hours after your post Oil is at $10 and change.

May '20 CL: -$7.69 last

Sept '20 CL: -$0.96 last

hi all,

Oil is at 15$ these days and it has to go up. Saudi arabia needs it to be around $75 to run its daily affair. it will not stay at this level. please tell me how to buy it at Interactive brokers and what data feeds i need to be member for it at IB. Thank you

 

[hrokling]

LOL - there will be a million people looking to buy oil "cheap" at 10 usd. Maybe @Baron can place a banner educating people who has not traded oil before about contango, storage and the lack of free lunches.