Oil buy now?

Question

with oil going up daily, why shouldnt the average person take a ton of there money and buy oil as an investment like the big shots do??its seems a sure thing?right..sooo join them and invest for a short time and make money..?

Answer 1

Because the average person does not have enough cash in their bank accounts to buy a Toyota Prius.

The average person has -$8,000.00 in their bank account. (I mean they have debt)

Answer 2

This "sure thing" is not quite as "sure" as six to eight weeks ago.  There might be better areas to place your money.  Cash might be a good position to buy an oil option or stock in an oil company.  A minor correction should be at hand. Of course, I would not be on this thread if knew the exact point in time for a correction. Nothing goes straight up.  Or so they say!  It is your money.

Answer 3

you can. don't you have to buy like a $50,000 contract and have $5000 down? I think thats about what it takes to trade commodities. I think you'd be ok with a Hes , TOT or Murphy oil right about now though. Maybe cvx

Answer 4

Could buy an ETF United States Oil (USO). This is a pure crude oil play without having to invest large amounts as in futures contracts.

Answer 5

The absolute WORST time to invest is when the markets go parabolic.

The CFTC is gonna do something about the speculators in the oil market.

Washington demands something be done.

This is just about the time the market will top and have a big decline.