I was thinking ... maybe $10 / barrel. Wow, we are really off the map.
The barrel now is worth more than the oil.
So with the price of oil at such lows how does one invest in oil? I see there is a Barclays stock symbol OIL that is trading really low.
I dont have a ton of expendable cash to invest in the Exxons of the world. But would like to get in on some of the action. Once people start getting out and businesses start sending employees back out on trips I think ool will most certainly go up. Pure speculation of course as I am a novice