Wt Wti Crude O Discussion Threads

[praipus] 05/8/2013 22:41

All this talk of Fracking I would have thought CRUD would go through the floor but I've had a long signal and bought some:)

[crippy] 23/11/2011 22:37

Aircraft Carrier CVN-77 Parks Next Door To Syria Just As US Urges Americans To Leave Country "Immediately". Arab league reportedly about to enforce a no fly zone over Syria.Just out from CBS: "The U.S. Embassy in Damascus urged its citizens in Syria to depart "immediately," and Turkey's foreign ministry urged Turkish pilgrims to opt for flights to return home from Saudi Arabia to avoid traveling through Syria.". Could mean interesting times for oil prices perhaps.

[hazelton] 13/3/2011 08:52

Does anyone know why there is such dramatic differences between the 2008 prices in these sort of oil related assets and now. I have been out of touch with these ETFs for a while and I am a bit taken aback.

[leedskier] 24/2/2011 12:20

It is a poor tracker because it ignores the spot price and tracks futures.

[berrymanl200] 23/2/2011 16:19

well said bud only buy this if you want to loose money as when it turns it drops quicker than it rises

[budevenwiser] 23/2/2011 09:45

this could be the worst vehicle on the market for tracking oil , wti $4 higher than yesterdays close and crud up 10 cents
not for me

[hywel] 08/7/2009 15:03

The Daily Telegraph / Questor on oil prices:

www.telegraph.co.uk/finance/financetopics/oilprices/5769719/Oil-prices-is-there-a-spike-on-the-horizon.html

Gives Buy recs for some companies at the end, namely BP (for the divi) but for growth - Tullow, Dana, Afren & Venture.

[hazelton] 09/6/2009 18:38

Interesting one. I have often been spooked out of a position by broker comment etc. I try to follow what people are doing with their money now rather than by what they say. I guess it all goes to make a market. I wish it were easier.

[roddyb] 09/6/2009 14:55

i sold out last week. I have been spooked by the chatter on Bloomberg about the disconnect between current crude prices and the plentiful supply. That chap from the Shork Report agrees that another spike is coming but it maybe 2-3 yrs off.

[ted1806] 09/6/2009 13:06

Hi BB

I beleive that there are a few brokers revising there year
end predictions all the way up to $85 pb.
This sits well with me and I continue to hold and add.
Predictions of another spike are wide and I can only see
the price of oil going up, speculation of $200 and $350
pb are being put around because of the lack of investment
now. There may well be massive off shore holdings but the
slightest upturn in the economy will soon use up this
overhang. Don't forget China and India economies are
continuing to grow hence this is where the demand is.


Ted

[briarberry] 09/6/2009 01:11

well done... (not at 75 yet but close enough for me to say well done)



Ted1806 - 19 Mar'09 - 12:34 - 98 of 114

Hi BB

I would love to see $75.00 by the middle of summer and as the arabs said $75.00 is fair value.

[briarberry] 09/6/2009 01:05

Crud still isn't even back up to it's Jan 09 high yet

The Jan 09 high on Nymex was around $50, and now it's at nearly $70

Crud seems to be a long way behind

(sold mine now)


USO has the same problem = thought this was interesting, not sure how true it is

[roddyb] 14/5/2009 17:26

back in at 1475p as market didn't go down as much as I would have expected.


This is a query that bugs me:-
ADVFN has two energy charts you can watch NYMEX-Brent Crude and NYMEX-Light sweet crude - which one do you think resembles the closest to tracking this WTI orientated ETF? Where can you see WTI charts for free?

[roddyb] 14/5/2009 09:52

9:43AM AND SHE'S TANKING 1480p

[BAD FORM TO GLOAT ON THE BB - SO I WON'T]

I THINK YOU ARE RIGHT - $75/OIL IS ON THE CARDS BUT THIS SECURITY NEEDS TO BE TREATED MEAN WITH PLENTY OF TRANSACTIONS TO CATCH THE SWINGS.

IN THE MEDIUM RUN IT IS RELATIVELY PREDICTABLE THAT IF OIL IS TOO CHEAP NOW THEN THERE WILL BE FEWER EXTRACTION PROJECTS COMMISSIONED GIVING US THE BOOM/BUST BUBBLE TROUBLE WE HAD WITH $147/OIL

[vodka n ice] 12/5/2009 19:11

Not a chance $75 per barrel is on the cards, don't go anywhere!

[roddyb] 12/5/2009 16:32

Sold up today at 1519p - seems like this rally to $60/oil is now done?

[notanewmember2] 01/5/2009 21:07

Is there a longterm ETF which minimises contango? [The yanks have the luxury of USO or USL and can trade according to contango and backwardation phenomena.]

[briarberry] 01/5/2009 15:03

USO was badly Tangoed too, I'm sure someone else can explain it better than me :)



USO = United State Oil Fund NYSE



The price of light oil for April 2010 is already $60 USD


March 2013 $87 USD

I don't usually trade oil, so don't know much but I guess the situation was made worse by the managers of both Crud & USO buying too many current months (back in Feb especially) and not enough longer term futures ??? Hence Crud got stuck in a rut in Feb.

[roddyb] 01/5/2009 11:32

I only read about this one in Barclays qtly money magazine last week. It seems like a no brainer at the moment:-
Chart forms a bottom
crude must be at a temporary low

The only problem is that this seems to good to be true - so what's the catch?
½% management fee - OK but where did you guys figure on the 10% rolling contract expenses?

I see you can hold this security in an ISA as well....

[notanewmember2] 22/3/2009 00:39

I think this is now forming a bottom

[traderabc] 19/3/2009 15:24

Thanks dave, an intresting fund, not sure I'm that keen on 'industrial metals' atm, longer term both of these should go up loads, it just worries me how much it will cost in fees and rollover costs being long for a few years.