How to invest in oil in australia?

[spets1]

So I think the price of oil has been deflated in order to teach russia/syria and their allies a lesson.
This warrants that the price will shortly shoot back up where it has been before.

What are best options for an australian to invest into price of oil/gas going up?

 

[whinfell]

http://forums.silverstackers.com/topic-60523-oil.html

 

[SilverDJ]

Simplest way is to simply buy the ticker code OOO on the ASX. It tracks the oil price, so essentially you are "buying oil".

 

[JulieW]

So I think the price of oil has been deflated in order to teach russia/syria and their allies a lesson.
This warrants that the price will shortly shoot back up where it has been before.

What are best options for an australian to invest into price of oil/gas going up?

Just for reference, Zero Hedge says the attack on oil is to deter Russian support for Assad and to allow a gas pipe from Quatar to Europe.

 

[nowaydude]

If Russia does not back down and US tight oil drops off do you guys think that would be enough for Saudi Arabia/US to allow the price to go back up?

 

[tolly_67]

There is no plan. More conspiracy nonsense.
We are in a deflationary spiral made worse by the policies of government in raising taxes and hunting money. Economies are shrinking so the demand for energy is falling quickly.
The oil price will keep dropping because the Middle East governments will not reduce pumping simply because they have done exactly the same as their Western counterparts in promising so much to keep a hold on power. Their main source of income is oil and they will not reduce output. Pump and hope, that is all.

 

[systematic]

Countries and wars run on oil .... it would be smart to reduce production and smarter not to sell ...