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Buying Oil Contracts

2K views 4 replies 5 participants last post by  stammster 
#1 ·
What is a good safe site to buy oil stocks, contracts etc?
 
#2 ·
Most major investment firms have someone who does commodities. The oil contracts are commodities. Your own regular broker may be licensed, and if not, he may have an associate in the same office who is licensed.

Best understand that you can lose or gain tons of money ( more than you invest) when you use commodities.

Oil Stocks can be bought at any stock brokerage firm.
 
#3 ·
In the past, I've had excellent success with USO which is based on the price of West Texas Intermediate. Buy low and sell high has made a lot of money for us over the last few years with USO.

https://finance.yahoo.com/quote/Uso?ltr=1

I hasten to add, however, I've never in my lifetime of investing seen crude oil price go negative. You have to be prepared to ride out the storms...or stay on the sidelines. I'm on the sidelines right now....but watching carefully.
 
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