OIL – Buy it Here

Over the last two weeks I have noted a trend in oil prices that can be exploited by investors and traders alike. Oil prices have slipped each of the last two weeks heading into the EIA’s Petroleum Status Report, on fear that the inventory data might show large inventory builds. However, once the report is released, despite it’s showing of inventory build, oil prices have found some support likely from long-term investment interests looking for forward developments. As a result, there’s an opportunity for entry in the iPath S&P GSCI Crude Oil ETN (NYSE: OIL) here. See the OIL Report here. Article also interests United States Oil (NYSE: USO), Energy Select Sector SPDR (NYSE: XLE), SPDR S&P Oil & Gas (NYSE: XOP).

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