Date updated:03-05-2008
With oil touching $102 Wednesday, what should be your next move? Veteran oil trader Joe Terranova explains how to trade it.

-
USO
U.s. Oil Fund Et - $40.41
- -0.22%
- $40.73
I recommend getting long the commodity itself with a stop out at $95, says Jeff Macke. Or investors can look at the United States Oil Fund.

-
XTO
Xto Energy Inc - $44.62
- -1.13%
- $45.03
Check out XTO Energy and ConocoPhillips, Pete Najarian adds.

-
COP
Conocophillips - $53.58
- +1.38%
- $52.57
Check out XTO Energy and ConocoPhillips, Pete Najarian adds.

-
RIG
Transocean Ltd - $88.50
- +0.40%
- $87.99
Investors could also buy the drillers and explorers. In the space I like Transocean (RIG) and Equitable Resources (EQT) says Tim Seymour.

-
EQT
Eqt Corporation - $43.52
- +0.32%
- $43.28
Investors could also buy the drillers and explorers. In the space I like Transocean (RIG) and Equitable Resources (EQT) says Tim Seymour.
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A. The only one I own : SLX,
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