Lots of ways.
Depends on what you like.
ETFs/holders are probably the best way. You can invest in:
USO = is pegged close to the price of crude oil
OIH = is oil holder
OIS = oil svcs holder
You can also buy individual stocks like FTO (FRontier oil) or HAL (Halliburton)
You can also buy other energy stocks if you think there'll be a halo effect.
Be sure you know what you're doing first and are comfortable with you decisions about following energy and alway practice safe money management!
Hope that helps!Is there any way to profit off of the oil prices going up, like buying stock?
You can buy individual oil stocks or USO (oil ETF ). You may also buy
XLE ( Oil stock ETF). Look them up in Yahoo finance or Google.Is there any way to profit off of the oil prices going up, like buying stock?
Of course. Oil stocks.
http://www.nabloid.com
Buying oil company stocks is a great way to profit. Pick one or two different ones, maybe a driller and a distributor.
Or you can by an ETF which is linked directly to the price of oil.
better than that.... sell dipetane
You could try trading oil futures. Start here: http://www.integrityenergy.com
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