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

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

May '20 CL: -$7.69

Sept '20 CL: -$0.96
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How long until those are the last price traded and not daily change...

EDIT: Well, change up the contract month by a month.
 
The settlement period is defined as: 14:28:00 to 14:30:00 ET for the Active Month and 14:28:00 to 14:30:00 ET for calendar spreads.

hrokling said:
How long until those are the last price traded and not daily change...

EDIT: Well, change up the contract month by a month.
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TradeTune said:
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
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Right now they are offering 2 bucks for anyone who can take a delivery. Why would you pay 15 bucks.
 
You should give thanks to the Lord that you are so poorly informed and set up. It saved you a bundle, perhaps another account blowup

TradeTune said:
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
More...
 
USO is about the worst vehicle to express a view on oil beyond a few hours/days. Buy stocks of companies that are exposed to oil prices. Why is this not blatantly obvious?

S2007S said:
USO like the last poster mentioned. I own some and will add more but waiting for it to drop below $3 which would probably mean sub $10 oil prices
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Incorrect. May contract is simply a very close approximation to current spot prices. June contract is not. Even after Tuesday (may expiry) spot price will most likely still be in the low teens.

hafez50 said:
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.
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First intelligent post in this thread

hrokling said:
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.
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