Long term crude oil trade, best way to do it?

Quote from rmorse:

You are not activity trading it, so put a bid at a place you want to buy it, if it's close to fair value, you'll get it over a time. Its a long term investment, if it take hours or days to buy it, it should not be an issue.

I was thinking about the same.Thanks Bob, your the true professional.
 
That far into the future (no pun intended), you're best off using an option. Contracts are listed far out, but they have barely any open interest. With that kind of an illiquid market you can easily go through a day or two without any actual trades happening (for that particular month/year) and get a weird settlement price and an associated out-of-the-blue margin call you can't afford.

If you still wanna put it on, I'd stick with 'US Style' options, rather than 'European Style' options (the former can be exercised before expiry, so you aren't dependent on market liquidity when you wanna/haveto get out of the trade...
 
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