Can you just buy barrels and sit on them indefinitely, or do you have to buy short term contracts that have to be sold at a set date? Can you buy oil through regular online brokerages just like shares of stock? If so, what are the investment symbols used?
Originally posted 2010-06-09 09:08:10. Republished by Old Post Promoter
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#1 by sam at June 11th, 2010
AIG was be a best stock to invest if you plan to invest for a long term, because AIG is too big to fail and beside AIG no longer need government bailout money. if you invest in AIG are now you returning profit is 10-30 times in 3-5 years.
#2 by rexx0046 at June 12th, 2010
you can buy and sell oil on the futures market. speculators must be out of the market before expiration but it is possible to take delivery of crude and store it or send it to your refinery or whatever. you could store it as long as you wanted provided you paid storage fees.