Wt Wti Crude O Discussion Threads

[hywel] 14/2/2009 16:31

Telegraph article on the oil price:

www.telegraph.co.uk/finance/personalfinance/investing/4609834/Opportunity-Knocks-Has-the-oil-price-bottomed.html

[webby] 04/2/2009 19:35

Kiwi
I read some discussion about that too. Somebody was saying that it is not the case with crud because of the way it trades its futures. I can't be any more helpful but I will try to find where I read it.

[kiwi2007] 04/2/2009 12:01

From reading the oilb thread I gather that oil has to gain 10% p.a. for this just to stand still due to the costs of future contracts? Is the 10% 'cost' of holding this about right?

[ianbrewster] 21/1/2009 22:40

OILB tracks Brent, CRUD tracks WTI

[maxwellman] 21/1/2009 21:35

how does OILB compare to CRUD?

[kiwi2007] 21/1/2009 17:36

IC VIEW

The medium-term risks to the oil price are now more to the upside than the downside. The black stuff may well slide further again - possibly even into the $20s - from current levels. But the futures markets suggest we can be fairly confident that a year from now, oil will be trading at $50 or more. That would be at least a 25 per cent gain in 12 months, and in the hope of leveraging this, we advise buying the ETF Securities instrument tracking the one-month forward Brent oil price. There is a sterling-denominated variant, but the dollar-denominated instrument is far more liquid (and you'll get a currency boost if sterling weakens further). The TIDM is OILB, currently priced at $30.85.

[mustyair] 21/1/2009 11:16

Try
Click on daily charts, then look for specials and WTI in GBP (it has to be said there is nothing great about the Great British Pound Now)

[abundance99] 21/1/2009 01:58

Anyone have a chart of the oil price in sterling?

[maxwellman] 20/1/2009 21:58

looks like the only way is up - need a break even of $40 pb in the middle east - thought I'd dip my toe in .....any other commodities worth looking at?

[ianbrewster] 15/1/2009 16:53

The Dow Jones-AIG Commodity Index purchases futures contracts of a commodity, and, as the date for a futures contract comes due, the DJ-AIGCI sells that contract and purchases a new short-term contract with delivery dates a few months out. The Dow Jones-AIG Commodity index thus "rolls" its futures positions, and continually avoids delivery of the physical commodity.

The Dow Jones-AIG Commodity Index is valued using the settlement prices for the underlying futures contracts. The DJ-AIGCI rolls its contracts over the course of 5 consecutive business days, starting on the 6th business day of the month. Each day, 20% of each futures position that is included in the month's roll is rolled. Not all contracts are rolled every month. Visit Dow Jones Indexes for a list of futures and their roll months.

I was looking into this today, haven't been able to find out exactly which contracts comprise the index

[cpeck] 15/1/2009 16:12

Would be interesting to know how crud correlates with DJ-AIG Crude Oil Sub-IndexSM and how DJ-AIG Crude Oil Sub-IndexSM correlates with Oil price.

[cpeck] 15/1/2009 16:10

Got this from the etfsecurities website. Anyone can expand on this?

Investment objective

ETFS Crude Oil (CRUD) is designed to track the DJ-AIG Crude Oil Sub-IndexSM and pays a capitalised interest return which cumulates daily. The Sub-Index is an "excess return" index and the interest component combines to give a total return investment.

[abundance99] 15/1/2009 16:00

Keeping an eye. Longer term I think Crude is heading a lot higher than this but timing is all important. Potential head and shoulders looks to have failed so probably heading lower in short-term. If it gets below $30 a barrel I would feel compelled to buy with a longer-term view. Maybe put half in at that point. However, need to understand this product better. Would feel happier if I could understand how the price of the product relates to the price of a barrel of oil. Anyone any ideas?

[cpeck] 15/1/2009 15:54

Anyone in this?

[mustyair] 08/1/2009 15:48

Lots of forces at work here (israeli army for one) not just a supply and demand issue, impossible to call.
some of my money is on a trip down to $35 dollars again despite the conflicts.

[abundance99] 08/1/2009 15:04

Potential invester head and shoulders forming...

[cutyourlosses] 06/1/2009 11:15

Loil is quite neat too, looking at a 33% rise in one day when oil shot up in price - enough to retire on..... Problem is it accelerates the losses when oil goes down - but oil being so low it is worth a small punt..

[blackm0nday] 06/1/2009 09:52

Has passed it now AB, just needs to hold till the close.
BM

[abundance99] 05/1/2009 16:31

Of course this leg up isn't over yet!

[abundance99] 05/1/2009 16:30

Keeping an eye on this. Does anyone know how the price relates to the actual price of oil? I own PHAG (the silver ETF) and its price is basically the spot price of silver in dollars. Where do they get today's price of 27.3?

I was kicking myself as almost bought CRUD when oil was $38 a barrel only to see it jump to $48 quickly. It is starting to look cheap and at $38 was very cheap relative to gold (long term average around 15 barrels buy one ounce and it was then over 22). However am starting to learn about technical analysis and to have this leg up fail to reach the last high in December looks negative to me.

[hodginsjkp] 04/1/2009 20:48

US ETF USO via small spreadbet stake another way of playing this and takes currency factors out of it

[badtime] 02/1/2009 20:33

took a few more meself yesterday..hey ho

[notanewmember2] 02/1/2009 19:45

fugenhell crude up 18% in a day. good call.