Oil Is Down To $60..........Is It Time To Buy?

United States
September 20, 2006 5:54pm CST
I can't see oil prices going much lower. Is now the time to buy stock in oil companies like XOM (Exxon)?
5 responses
@krishna183 (2286)
• India
21 Sep 06
i guess u can buy .. do u know that here in india the govt purchases oil for more than 100$ .. not kidding .. and then it has to subsidise it for the public to be able to afford it . these are the reasons why india is still a developing nation
• United States
21 Sep 06
Yeah there is some good information there. Watching the charts is important.
• India
21 Sep 06
yes
@sedel1027 (17855)
• United States
21 Sep 06
No don't buy now. The prices are suppose to drop even lower. I would wait at least a month before buying into oil.
• United States
20 Sep 06
http://oil-profits.org/ has some good information. There was a chart on there last week, when oil was around $66, that showed prices going to $60 and then moving upward. I agree with the buying opportunity. Especially in light of the issues with Iran.