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from24/7 Wall St.
1 week agoIgnore Hormuz - 3 Energy ETFs That Can Rally No Matter What Happens
Investing in energy ETFs like PBW and EMLP is a smarter strategy than predicting volatile oil prices.
Oil futures touched $100 per barrel this week as Iran's new Supreme Leader Mojtaba Khamenei vowed to keep the Strait of Hormuz closed, the waterway through which a fifth of the world's oil and liquefied natural gas transits. The International Energy Agency called the conflict the biggest-ever disruption to oil supply, and Iran's security chief has stated the war won't end soon.