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  • Kiplinger

    How to Invest in Oil Right Now

    by Charles Lewis Sizemore, CFA, Contributing Writer, Kiplinger.com Apr 28, 2020 4 minutes

    These are truly strange times to invest in oil. As if the market gymnastics weren't enough, the price of U.S. crude oil - or at least the front-month futures contract - went negative in April, and not by a trivial amount. At the bottom, West Texas Intermediate was priced below negative $37 per barrel.

    Unfortunately, if you're a retail investor, there are limits to how you can profit from this. You can't just show up at the storage sites in Cushing, Oklahoma, get paid $37 per barrel to load up your pickup truck with oil, then promptly dump the barrels on the side of the road as you drive home with your profits.

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