In November 2017, OPEC announced plans to cut oil production by 2% through 2018. Speculators responded by driving oil futures up 10% in December.
The best oil ETF to buy in 2018 has consistently outpaced oil prices in that time, up 15% since Nov. 1 and rising over 30% since July of 2017.
In November 2017, OPEC announced plans to cut oil production by 2% through 2018. Speculators responded by driving oil futures up 10% in December.
The best oil ETF to buy in 2018 has consistently outpaced oil prices in that time, up 15% since Nov. 1 and rising over 30% since July of 2017.
But that's not the only catalyst...
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With oil prices ready to continue their rebound, investors are on the hunt for the best oil ETF to invest in now.
WTI oil prices are up 23.2% since they bottomed at $49.65 on March 17. They are still down 37% since June 23, 2014.
That's why we're recommending this oil ETF today...
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Many investors are looking to buy a crude oil index ETF to profit from oil's rise throughout 2015.
WTI oil prices are up 7% this year. And we expect oil prices to continue climbing in 2015.
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Thanks to expiring oil rigs and lower supply, oil prices are heading toward $73 by mid-summer.
That means it's time to consider crude oil ETF investing if you want get in on the profits from the price rebound.
Here's everything you need to know about crude oil ETFs...
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Investing in oil can be a daunting venture for both professional and individual investors.
But prices are expected to be in the $60 to $73 range by mid-July - meaning now is the perfect time to jump into the oil trade.
Here are two different ways to begin investing in oil as it moves higher in 2015...
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WTI crude oil prices climbed over $56 per barrel this week for the first time in 2015. Now investors are looking for the best way to play rebounding oil prices, and many are buying into an oil index ETF.
At this week's high, crude oil prices are now up 28% from the lows they hit in early March.
But this is not the best time to buy into an oil index ETF.
Here's a look at several oil index ETFs and the key points that many investors miss
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Oil prices are on the rise to end March. On March 26 WTI oil hit a high of $52.46. That's a 19% climb from the lows it hit just two weeks ago.
And as the price of oil rises, shares of the United States Oil Fund LP (NYSE: USO) are climbing too. The crude oil ETF is up 9% since March 18.
You see, investors are flooding into this oil ETF as a way to play rebounding oil prices.
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Best oil ETFs to buy now: Crude oil prices have dropped to their lowest prices since 2009, falling below $50 a barrel this month, after reaching $115 a barrel in June.
But Money Morning's Global Energy Strategist Dr. Kent Moors says oil prices are near a bottom, and will rebound in 2015.
"As the most fluid commodity in the world, crude oil has the ability to quickly self-correct, which is why longtime oil veterans aren't worried about falling prices,” Moors said. "In fact, the vast majority of them (including myself) actually expect oil prices to climb next year."
These oil ETFs are trading at a huge discount now, but won’t for long…
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Oil stocks and oil exchange-traded funds (ETFs) are getting more attention as oil futures close out their biggest weekly gain of the year.
Oil prices rallied for a third consecutive day Friday as Sunni militants continued their advance toward Baghdad, stoking fears that Iraq is headed for civil war and its abundant oil exports could be in jeopardy.
While oil prices will rise, not all stocks will follow. Here's the deal...
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