Quote from Ebo:
Monee:
Believe it or not responding to your post @ 4:15 is not everyone's priority.
A pure OIL ETF is being developed, according to various news sources. The problem is storage and delivery of a commodity.
Right now the closest you are going to get is IGE which is 75% OIL/OIL Services.
XLE is also an oil play, however mostly OIL companies.
Quote from petrotrader:
A Brent ETF started trading last month on the LSE:
http://www.londonstockexchange.com/...esources/Welcome+Stories/2005/280705brent.htm
And a couple more are in the works:
http://www.phlx.com/news/pr2005/05pr062205.htm
http://www.investmentadvisor.com/issues/mutual_fund_center/mutual_fund_center/5155-1.html