Oil prices have staged a rally lately. But uncertainty about the OPEC+ deal, chances of higher output and the resurgence of the delta variant of Covid have made the space a winner.
In April 2020, crude oil fell below negative $40 per barrel. On June 11, 2021, the energy commodity’s price was over positive $70 per barrel and climbing. The crude oil market is on a bullish staircase...
Bull market corrections can be brutal. Crude oil had been rallying since April 2020. After a correction in early November 2020, the energy commodity made higher lows and higher highs, reaching a peak in...
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These ETF strategies should be helpful for investors amid an energy market rout.
Declining demand and OPEC+ producers' inability to crack an output cut deal dragged down oil prices and triggered a price war. These ETFs should be watched closely.
The breakdown of the OPEC+-led output cut program dragged oil prices down while the commodity might see some price gains due to bargain hunting.
The spread of China's coronavirus has hurt oil prices and benefited inverse oil ETFs.
Given the abrupt changes in oil price and an uncertain outlook, investors should place their bet on oil ETFs cautiously or take advantage of the quick turn in sentiment with the help of leveraged or inverse...
Given the abrupt changes in oil price and an uncertain outlook, investors should place their bet on oil ETFs cautiously or could take advantage of the quick turn in sentiment with the help of ETFs.