Best ETF to short oil?

I've been googling but a can't find a true Inverse ETF on Oil?

 

Try dig and dug. Great way to play oil.

 

Cheers wake but do you have any quick explanation to why DIG would be down when oil is down?

I'm reading through the holdings as we speak.

 

Wow stupid question I thought they were both Inverse.

 

you got it

dug- oil down

 

OIH
The the best ETF to short oil

 

You are sadly mistaken.
OIH is not a very accurate "proxy" for shorting crude oil. The OIH is an oil-service index.

83% of the components are:

BHI
CAM
DO
HAL
NOV
NE
SLB
SII
RIG
WFT

 

USO is the best pure oil ETF.

OIH is like a combination of oil and the general stockmarket. If both go up it can do even better. If oil is up but the S&P is down a lot, the OIH may be unchanged or even down.

 

USO. Thank you. I've been looking for something like this. I've been just trading OIH. You are right. USO follows oil much better.

 

If you want to short oil, aren't you just better off buying XOM? They make more money when the inputs are cheaper. Valero and Tesoro are other pure play refiners.