oil futures (Page 1/1) ray b MAY 31, 02:20 PM if you like to gambol oil is below 70 and can be bought 5 years out not a sure thing like when putin and the saudi's had it near 30 a few years ago but an opportunity to bet a few thousands and make bank btw euro future rules are a bit better you never have to take and sell the oil at the end like an USA contract and they just pay or bill you the difference at the expo date but the smart play is cash it in before the end date here or there Raydar JUN 05, 11:25 AM ...and Saudi just announced another production cut. Let's see... ray b JUN 05, 12:16 PM quote Originally posted by Raydar: ...and Saudi just announced another production cut. Let's see... resent low was 67.xx now 72 open today 72.78 at 12 so a % good $5 gain bet a buck make 4 in a week there is money to be made on the swings but you can lose BIG also hnthomps JUN 06, 01:16 PM quote Originally posted by ray b: resent low was 67.xx now 72 open today 72.78 at 12 so a % good $5 gain bet a buck make 4 in a week there is money to be made on the swings but you can lose BIG also The next swing may be soon since Saudi Arabia just announced that they would reduce production by 1,000,000 barrels per day. Nelson