Hi All,
I am interested to know if there is an ETF or something that is about
as close as one can get to trading oil, the commodity without actually
trading oil, the commodity as in a futures contract??
OIH comes to mind but it is mostly oil services and drillers so is not
quite the same, although I would imagine they often move in tandem.
Would appreciate any help with this.
Thanks!
Ralph
On 10 Mar 2006 07:21:53 -0800, "RalphSE" <>
wrote:
>Hi All,
>
>I am interested to know if there is an ETF or something that is about
>as close as one can get to trading oil, the commodity without actually
>trading oil, the commodity as in a futures contract??
>
>OIH comes to mind but it is mostly oil services and drillers so is not
>quite the same, although I would imagine they often move in tandem.
>
>Would appreciate any help with this.
>
>Thanks!
>Ralph
Check XLE.
--
Regards,
Ephraim
Thanks Ephraim,
XLE is described as "The fund invests in energy companies that
primarily develop and produce crude oil and natural gas, and provide
drilling and other energy-related services."
So since this also includes natural gas, I wonder if OIH would be a
better fit than XLE?
Regards,
Ralph
RalphSE wrote:
> Thanks Ephraim,
>
> XLE is described as "The fund invests in energy companies that
> primarily develop and produce crude oil and natural gas, and provide
> drilling and other energy-related services."
>
> So since this also includes natural gas, I wonder if OIH would be a
> better fit than XLE?
>
> Regards, > Ralph
Does it mean anything to you: "When the paddy wagon comes
it takes the good girls as well as the bad girls."
(Wall Street saying)
Not sure what you are implying, but if it's that XLE and OIH move in
tandem with the price of crude I have certainly observed that NOT to be
the case on more than one occasion although it is for the most part the
case...I would appreciate it if anyone else has a serious answer to my
question
RalphSE <> wrote in message
news:
> Not sure what you are implying, but if it's that XLE and OIH move in
> tandem with the price of crude I have certainly observed that NOT to be
> the case on more than one occasion although it is for the most part the
> case...I would appreciate it if anyone else has a serious answer to my
> question
>
Well you're out of luck in the US..... but London has an Oil ETF if you can
trade on that exchange.
LSE: OSL
it seems someone applied for one in the US...but it's not open yet.
Lobby hard for that US one !
"RalphSE" <> wrote in message
news:
> Not sure what you are implying, but if it's that XLE and OIH move in
> tandem with the price of crude I have certainly observed that NOT to
> be the case on more than one occasion although it is for the most
> part the case...
Are any of those observed cases in the time frame of
?
On 10 Mar 2006 10:02:02 -0800, "RalphSE" <>
wrote:
>Not sure what you are implying, but if it's that XLE and OIH move in
>tandem with the price of crude I have certainly observed that NOT to be
>the case on more than one occasion although it is for the most part the
>case...I would appreciate it if anyone else has a serious answer to my
>question
This is about 1 1/2 yrs. old, FWIW:
Excerpt:
Although most of XLE's component stocks are involved heavily in the
oil patch, oil prices are not highly correlated with XLE (near 10%).
Recently, oil has appeared to show a leading relationship to XLE. That
is, turns in the price of oil have preceded turns in the price of XLE.
For example, oil hit a new high in mid-August and has fallen fairly
sharply since then. However, XLE made a new high more than two weeks
after that.
End Excerpt
--
Regards,
Ephraim
don't see crude overlayed on your chart
thanks LuckyDucky!
Thanks Ephraim!