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5 Ways To Play Crude Oil

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5 Ways To Play Crude Oil

On CNBC's Fast Money, Steve Grasso spoke about crude oil. He thinks that after the recent rally, the risk is to the downside. He believes crude oil could trade to $45.

Tim Seymour wants to buy VanEck Vectors Oil Services ETF (NYSE: OIH) because it's the most levered. He would also consider buying Total SA (ADR) (NYSE: TOT) and Royal Dutch Shell plc (ADR)(NYSE: RDS-A).

Related Link: The Difference Between Brent Crude And West Texas Intermediate Oil, And How They Trade

Guy Adami would buy Anadarko Petroleum Corporation (NYSE: APC), which is going to report earnings on October 31. He wants to be long ahead of the earnings report, because he thinks that it could trade above $70.

The United States Oil Fund LP (ETF) (NYSE: USO) closed at $11.67, up 3 percent. It's up about 10 percent 10 percent over the last month.

 

Related Articles (OIH + APC)

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