Oil prices (USO) edged lower in volatile trading on Monday as traders grappled with the intertwined narratives of geopolitical strife and shifting U.S. economic policies. West Texas Intermediate (OILK)...
Oil ETFs have been raking in solid cash as recessionary fears pulled down oil prices in recent weeks.
Oil prices remained under pressure this year on global recessionary fears. Can it bounce back?
Oil prices have been in decent shape lately. Though the news of continuation of China's zero-Covid policy cast a pall over oil prices on Monday, it is likely to be a short-term drag.
Oil prices rallied on Wednesday as OPEC+ producers agreed deep output cuts.
Oil prices increased considerably on Sep 5 as OPEC+ producers agreed a small oil output cut.
Investors seeking to tap the oil rally could bet on the ETFs that are directly linked to the futures contracts.
Take a look at some ETFs that can benefit from the latest rally in oil prices following the EU's agreement to ban 90% of Russian crude by 2022 end.
Red-hot inflation reading (due to COVID-19-and-war-induced supply chain issues) has been hitting headlines across the developed markets lately.