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Old 08-31-2005, 05:50 PM
GeorgeF GeorgeF is offline
Senior Member
 
Join Date: Sep 2002
Posts: 110
Default Re: how do i actually buy oil

If you want to buy an oil futures contract you need a commodities account, which I do not think you have.

Otherwise with a brokerage account like yours you can buy:
Royalty trusts: BPT
Integrated oil company: XOM
Integrated oil ADR: PZE
mutual fund: VGENX
and others that service oil fields, make pipes to carry oil, operate piplines, tanker companies ...

You could also short oil sensative stocks like transports and airlines.
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