The recent serious troubles in the middle east have contributed to a very sharp rise of the price of oil, which now trades well over $100 per barrel. Oil ETFs have also performed well. We track all oil ETFs live here.
This is the performance as of 3PM today:
Note the top performance ETF, however, since 2009 is not an oil ETF. It's the gasoline ETF, UGA: +151%, beating al oil ETFs, including leveraged ETFs.
The nest best performance is OIH, the oil services sector ETF, but almost 50% lower.
If investors are feeling the price at the pump, that is one way to counter those effects.
Monday, March 7, 2011
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