1

I just saw this news (Twitter) that Western Canadian Select (WCS) oil is now trading at negative. Is WCS a public traded thing that we can buy and sell on Questrade like any other stocks? I looked on Questrade, and it doesn't appear that it is a stock. Any ideas if it is public traded and how to buy it?

2
  • WTI oil went negative but that's for the contract expiring tomorrow as April 21, 2020 . Ticker USO rolls out of the current contract with two-weeks remaining. Also, they begin as 80% current contract and 20% next dated contract.
    – S Spring
    Apr 20 '20 at 18:23
  • If you did succeed in buying it what would you do with it? Apr 20 '20 at 19:14
3

It's not a stock - it's the spot price for this particular blend of crude oil. Can you buy it? Sure, but you have to be able to store it. Unless you have a few thousand 55-gallon drums in your backyard this will be a problem for you.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.