Be Proactive on Petrol Prices Hikes

Submitted by Marco on 24 April, 2006 - 16:49

Be more proactive on petrol price hikes. As traders, you should be asking yourselves where the money is being made constantly, and thinking if you can get a piece of the action. You can trade Oil on the futures exchange. Sure, if you don't have a futures broker or no experience in futures you can always learn. Anyway, petrol prices are set to rise above $1.50 a litre in Australia.

With higher petrol prices watch it hit the cost of goods at our shops go up. And don't forget, oil closed about $75 - record highs. And watch out for inflation. So what are you going to do about it? Are you going to sit and compain or be proactive about it? If you don't know anything about futures, you can get exposure to oil from the aussie stocks like Oil Search, Woodside Petroleum and BHP. Check your charts!

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