Oil prices are just starting to gush higher, as expected.
Now up to about $74, there’s fear oil could gush to $100 should the Middle East fiasco get even worse. We also have to consider that President Biden may be supportive of a possible Israeli strike on Iranian oil. In fact, as noted by Newsweek, “When asked by a reporter if he would support Israel targeting Iran’s oil facilities, Biden responded, ‘we’re discussing that.’ This statement fueled market fears of potential disruptions to oil supplies from the region.”
While investors can always jump into oil stocks, like Exxon Mobil (SYM: XOM), Chevron (SYM: CVX), and Occidental Petroleum (SYM: OXY), there are also ETFs to consider, including: ETF: SPDR S&P Oil & Gas Exploration & Production ETF (SYM: XOP) With an expense ratio of 0.09%, the XLE ETF provides exposure to companies in the oil, gas and consumable fuel, energy equipment and services industries, as noted by State Street SPDR. Not only does an ETF allow for diversification, you can buy it for less than a single one of its holdings. |
SmallCaps Daily
A ground-floor NASDAQ opportunity in the trillion-dollar alcohol space
A group of beverage industry veterans have investors’ attention as they grow their alcoholic and non-alcoholic drinks portfolio— all at a key time for cocktail culture.
For more information about this potentially monumental opportunity, read more here.
ETF: SPDR S&P Oil & Gas Exploration & Production ETF (SYM: XOP) With an expense ratio of 0.35%, the ETF provides exposure to the oil and gas exploration and production segment of the S&P TMI, which comprises the following sub-industries: Integrated Oil & Gas, Oil & Gas Exploration & Production, and Oil & Gas Refining & Marketing, as noted by State Street SPDR. Some of its top holdings include Callon Petroleum, SM Energy Company, Devon Energy Corporation, EOG Resources, and ConocoPhillips, for example. |
Goldco
A Warning from Mike Lindell…
Mike Lindell here with a dire warning about our economy and your savings.
With everything going on in the world right now – the economy, the geopolitical chaos, the open border, the spiraling national debt, the devastating inflation, and of course…
The assassination attempt on former President Trump!
It’s time to learn how to protect yourself today!
ETF: iShares Global Energy ETF (SYM: IXC) The iShares Global Energy ETF seeks to track the investment results of an index composed of global equities in the energy sector. Some of its top holdings include Exxon Mobil, Chevron Corporation, BP PLC, Total SA, and EOG Resources. |