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 - $38.50
- -2.53%
- $37.37
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 - $42.15
- -2.11%
- $41.42
Check out XTO Energy and ConocoPhillips, Pete Najarian adds.

-
COP
Conocophillips - $51.92
- -1.85%
- $51.15
Check out XTO Energy and ConocoPhillips, Pete Najarian adds.

-
RIG
Transocean Ltd - $84.91
- -1.68%
- $84.00
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 - $40.70
- -2.37%
- $40.59
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. *correction - 4-star rating, but it was
5 for a long time up until recently.
A. The only one I own : SLX,
too hard pick a winner out all of them
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