Others   

Oil Futures

You can buy oil futures via Phillip futures.

There should be an oil ETF listed in AMEX.  U need to sign a W8 Ben form to exempt you from capital gains tax if you want to trade AMEX listed ETF.

Futures is for trading/speculation not for investment.  When you long an oil futures contract,  it will expire.  If you did not close the position,  you have to deliver.

So i think ETF will be a better choice.

Please correct me if i am wrong.

If you have further queries,  you can email me at tplim1975@gmail.com.

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Disclaimer

Please note that the information are provided for you by way of information only.  All of the information report and analysis provided should be taken as having been prepared for the purpose of general circulation and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receives the information, report or analysis (including yourself). 

 

HLJHLJ      ( Date: 25-Dec-2008 11:16) Posted: Anyone knows where to buy oil futures? Does SGX has any such derivatives or ETF etc? I think in future, oil will go up again. So to hedge our car petrol prices, it is a good hedge to buy oil future. Anyone can advise? Thanks

 

Anyone knows where to buy oil futures? Does SGX has any such derivatives or ETF etc? I think in future, oil will go up again. So to hedge our car petrol prices, it is a good hedge to buy oil future. Anyone can advise? Thanks