think now is a good time to own some oil,the last time oil dropped to $40 a barrel,i was in ns.i was thinking no way oil can possibly remain so cheap for so long.the global demand for oil is so huge,not to mention OPEC can easily fix prices if they want to like they always did since the 1970s......this time the low oil prices is from artificial oversupply......lots of countries depend on oil including russia,think they will turn up the heat soon
i remember back in ns i bought a few k worth of oil etf and make a nice little profit off it.not much money but at least i ended my short lived trading career on a profitable note thanks to oil.
think this time im going to repeat the same thing this time,except increase my bet....at least 10k.