Discussion in 'Commodity Futures' started by monee, Aug 24, 2005.
Anyone know of a stock or ETF which tracks the price of oil and not oil stocks?
Believe it or not responding to your post @ 4:15 is not everyone's priority.
A pure OIL ETF is being developed, according to various news sources. The problem is storage and delivery of a commodity.
Right now the closest you are going to get is IGE which is 75% OIL/OIL Services.
XLE is also an oil play, however mostly OIL companies.
try the OIH
that is pretty close too.
I did see from morningstars site an Oil ETF is in the works to track the price of Brent crude.
Light crude oil e-mini was @ HOD @ 16:00 the others XLE and IGE were not.
Thanks for the response guess I'm just impatient today.
A Brent ETF started trading last month on the LSE:
And a couple more are in the works:
Thanks petrotrader !!
I must subscribe to the London stock exchange
CADJPY is a good proxy to the price of oil.
I currently have a CADUSD and CADJPY play. The correlation to oil is pretty much bang on IMHO.
I Can't Afford My Gasonline.
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