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The Crude Oil Contango: How to Profit From Rising Oil Prices
Editor’s Note: Last Saturday, we sent out a special broadcast on an oil situation called “Contango.” We’ve received a lot of response from that broadcast. Many investors have jumped on the crude oil contango bandwagon in recent days. But not all of them are doing it correctly. Take a look at the follow up below, and you’ll see why.
You might think you’re properly invested in oil, but you could be wrong.
Despite reaching lows since 2004, the long-term outlook for oil is still up. Maybe not $147 a barrel like the old days (i.e. six months ago), but because of supply, demand,…
30Jan2009 | Investment U | 0 comments | ContinuedThe “Cheap Oil Era†is Ending Soon…
Oil prices have fallen 70% since hitting a record $147.27 a barrel in July, which means in just five months, crude has given up all the price gains it made in the past four years.
After such a wrenching plunge, many analysts believe the outlook for the “black gold” remains bleak – and in the short term it certainly is. In the long run, however, dwindling supplies, resurgent demand, and a lack of investment will cause crude oil to double, triple, or even quintuple in price over the next few years.
Story continues below…
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