Pick Leveraged ETFs to Tap Surging Oil Prices - Yahoo Finance UK

Oil has been surging in recent months due to geopolitical tensions in the Middle East and Ukraine, tightening supply conditions, and the prospect of higher demand. The global benchmark Brent climbed above $91 last week to near the highest level since October, while U.S. crude rose closer to $87. Both benchmarks logged in the second weekly gain with more upside potential.Given this, investors could tap the bullish trend in the sector with the help of leveraged ETFs to make quick profits, as these could see huge gains in a very short time frame compared to simple products. These are ProShares Ultra Oil & Gas ETF DIG, Direxion Daily Energy Bull 2X Shares ERX, Direxion Daily S&P Oil ...

Yahoo     Apr 09, 2024