|Bid||7.10 x 45100|
|Ask||7.11 x 45900|
|Day's Range||7.07 - 7.27|
|52 Week Range||5.11 - 11.13|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-31.66%|
|Beta (5Y Monthly)||1.73|
|Expense Ratio (net)||0.75%|
Oil exchange-traded funds (ETFs) offer direct access to the oil market by tracking the price of oil as a commodity. This approach is different from investing in funds that own a portfolio of oil stocks.
WTI crude is tumbling, snapping a five-day rally. Yahoo Finance’s Seana Smith and ETF.com managing editor Cinthia Murphy discuss what ETFs to watch in the energy sector amid the coronavirus pandemic.
Oil prices are dirt-cheap right now. When they inevitably recover, here's an efficient way to play the rally, asserts Chris Preston, editor of Cabot Wealth Network.
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 ETFs.
U.S. markets and stock ETFs retreated on a spike in risk-off sentiment, following the weekend attack on Saudi Arabia’s oil facilities that sent crude price surging, but strength in the energy sector helped offset some of the broader selling.
Saudi brought in a royal family member in the energy sector's top position, probably to boost oil prices and facilitate Aramco's IPO. These ETFs can benefit if things go as planned.
After slipping into bear territory on trade war escalation and recession fears, oil prices received a boost from a slew of positive news including pick up in China's services sector and hopes of trade talks resumption.