Becker-Investments
Long

OIL (WTI): Is now the right time to buy?

TVC:USOIL   CFDs on WTI Crude Oil
Is now the right time to buy oil?
The price of oil has dropped massively in the last two months. The Saudis need quick cash to cover their costs and since they have no industry, selling oil is the fastest way to do so. The costs of production are about 20$ per barrel. That means they can't sell their oil for less than $20. They can't make any money. So I think it is pretty smart to buy oil now (in the long run). The price is currently around $24 a barrel...

Best regards,
Becker Investments

Comments

> Is now the right time to buy?
The answer is simple: No.
The one thing that every investor should know: Never buy on the way down. Buy on the way up.
+5 Reply
@ReallyMe, ok
+3 Reply
hunting762 ReallyMe
@ReallyMe, you will lose money if you think that way
Reply
ReallyMe hunting762
@hunting762, Someone who doesn't know what he's talking about.
Reply
@ReallyMe, The big traders need buyers rather soon. :))))))))
Reply
ReallyMe AristotelCostel
@AristotelCostel, The problem is that buyers don't give a damn about what the big traiders need.
Reply
@ReallyMe, Saudis sold for an hour below their production costs. :)))))
Reply
hunting762 ReallyMe
@ReallyMe, lol your theory is wrong . understand?
Reply
ReallyMe hunting762
@hunting762, no understand, you explain?
Reply
hunting762 ReallyMe
@ReallyMe, chase the high you will trap . honey
Reply
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