Please suggest the best way to invest in Oil to take advance of the current low price? Currently I have BNO (Brent Crude ETF) and USO (Nymex/WTi etf). Are there any other suggestions (not necessarily in ETF form)?
For USA based Oil and Gas explorers, including Shale have a look at LSE listed SPOG.L
For European based producers that are more broad,y based, including refinery, have a look at LSE listed XSER.L
On London there is also CRUD but it is WTI and priced in USD.
On North American exchanges there are multiple options. DIG and DUG are leveraged.
Consider the refiners. VLO and HFC are specialized and XOM, CVX, MPC and PSX also have refining arms.
The present price is quite High on short covering and expectations of production cuts. Friedberg, IC and others consider that demand is likely to remain low taking the price down in to the teens.
