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					Originally Posted by Sauer Grapes  You can also look for an oil ETF.  I have a buddy who is very big on Direxion ETFs, but they don't have a pure oil one.  They do have a triple beta energy fund that is 70% into non-renewable energy.  It's ticker symbol is ERX.  I don't know anything about it, so please research it first.
 That being said, I highly recommend an ETF as it is an easy way to diversify.
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 If only I had taken my own advice...
http://finance.yahoo.com/echarts?s=E...urce=undefined
Actually, I did place a limit order, but it never hit my buy price.  Doh.