Recent content by Firestarter

Thanks for the advice :) Its certainly making me re-evaluate my thoughts. II'd banked on buying at around $40 and selling in 6 months time at $70, but based on what's being said, that seems unlikely.

Never really looked at it that way. Thanks for that. One question, why are so many analysts predicting Oil hitting $70 by the end of the year?

Well below $70 it can be argued that some of the oil fields outside OPEC may have to be shut. With OPEC meeting soon, a cut in production is very likely to ensure supply meets demand or even to cut a bit further. Surely the effect of that would be a rise in prices?

Hello, I'm very new to trading and have been reading up as much as I can on the forum which looks great. However, I have a feeling I've hit information overload so thought am asking for help. With the oil prices currently as low as they are, I was looking at investing in an Oil ETF, and USO...