Could you explane me, how many money do I need to buy 1 etf of "oil" symbol? Current price ($19) or current price x some value (like in futures).
=================== Well Do777, that depends,USO for he Texas tea; brent, looked it up on GOOG, but its taken longer than i thought, so your answer is there. Not sure if there is a USA etf-etn for Brent[London has some ]; but if not, probably will be shortly................................................
OILB is traded on LSE http://uk.finance.yahoo.com/q?s=OILB.L http://www.bloomberg.com/apps/quote?ticker=OILB:LN Price is 33.17, OIL symbol price on NYSE is 19, question is how many OILB and OIL to buy for perfect hedge?