Discussion in 'Stock Market' started by usmbtech, Dec 3, 2008.
Is now a good time to go long oil? Surely it can't stay at these levels?
USO: Summary for U.S. OIL FUND ETF - Yahoo! Finance
U.S. OIL FUND ETF
Personally, I'd wait until we see a solid bottom. Donald Trump seems to think oil could go as low as $25-$30 BBL. I remember him squaking about that (on CNBC) when oil was approcahing it's all time high and other talking heads were saying it was going to $200.00 BBL.
Anyway, when oil turns around I think it's going to run up into the $100's again, but it could be a while. So, catching the bottom isn't really to important, IMO.
Yeah, I agree.
I wouldn't go long on oil right now.
The economy is still too fragile to count on a revival.
Soon as you start hearing about banks loosening up their lending, go long.
Buy Oil, It's Cheap
Buy Oil, It's Cheap BP,CVX,DIG,OIL,USO,XOM - TheStreet TV
Two Ways To Play: OPEC On Slippery Slope
When Obma pumps about ten trillion dollars into the economy (and most of it gets into the hands of the working class) THEN I'd start thinking about the oil prices rising again.
What's the difference between us oil and light sweet crude oil?
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