Latest News for ERX
Shipping disruptions and supply risks could keep oil prices elevated, with Goldman seeing a path to $120 Brent. Here are some energy ETFs worth watching.
Oil prices spiked after the U.S. announced a Hormuz blockade. Leveraged oil ETFs like ERX, GUSH, DIG and OILU could benefit.
A relative period of calm in the oil market may well be over, following last week's goings on in the Middle East. Most notably, the U.S. renewed military strikes against Iran, with President Trump potentially unnerving the oil market by saying the already fragile peace deal between the two countries is over.
Oil surges over 5% on extended Iran blockade fears. Leveraged energy ETFs like GUSH, ERX and OILU come into focus for short-term traders.
Energy ETFs gain appeal as oil prices are expected stay above pre-conflict levels, with supply shocks, stalled Iran talks & tight markets indicating sustained price strength.
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