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Personally I'd buy oil futures, it's trading low right now and it's almost certainly going to rebound.
by CSMastermind 11y ago
Personally I'd buy oil futures, it's trading low right now and it's almost certainly going to rebound.
- dantillberg 11y agoIt's very very likely to rebound, but there would be some question of when, and whether that happens before or after your futures contract delivery date. I remember seeing gas at $4-5/gallon (in the northeast USA), and figuring that everyone should be happier to stock up while it's not far more expensive, and that it's bound to just keep climbing forever as we run out of global supply. Gas is selling for $2.50/gallon or so now, which doesn't mean that it won't climb again and retail for $20 or $100 a gallon in the future, but it does mean that if I bought futures in gas ten years ago for delivery now, then I would have lost of lot of money.