The price for oil have kept increasing lately. Most oil producers have managed to bring down their costs so that also at 50 USD per barrel they are making a profit. The price is now above 60 USD per barrel. I am sure that there will be price fluctuations in the future but the oil companies have made serious cleanups and from now on the likelihood of them showing profit each quarter will be high.
I am already exposed to oil via BP but a diversification via an ETF from BlackRock I consider to be a good option at this moment.
I therefore bought 185 parts at a total price of 5897 € including the fee of 9.95 €.
Any changes will be brought into the stock portfolio upon the next update in the very end of the month.
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