Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 03-03-2015, 07:21 PM   #4839
KChiefs1 KChiefs1 is offline
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Quote:
Originally Posted by scho63 View Post
Oil will make a big push down to $35-40 or worse, than it is time to buy, buy, buy!!!!

Morse has suggested oil could fall all the way to $20 a barrel from the current $50.

Other analysts agree that crude is poised to fall sharply — if not all the way to $20 — because it continues to flood into storage for a number of reasons:

— Oil investors are making money buying and storing oil because of the difference between the current price of oil and the price for delivery in far-off months. An investor can buy oil at $50 today and enter into a contract to sell it for $59 in December, locking in a profit even after paying for storage during those months. Also, drillers are cutting back fast because oil prices have plummeted from $107 a barrel in June. And demand is showing signs of rising.

But many analysts believe oil prices will fall through the spring, before summer drivers start to relieve the glut.[/I]

I have about $15K to invest. Can I buy crude oil? I'd like to buy at $20/barrel.
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