Hi, I would like to buy WTI Crude oil, Brent crude or Opec Basket, what are the best Stocks that resembles their movement, that trades high volume? No futures. Thank you
USO or DBO are both high volume ETFs that invest in oil futures. DBO does better long-term (when oil is in contango) as it doesn't invest in front month contracts like USO. Currently in Mar 2021 contracts. DBO is down 33% over 1 year compared to USO down 72%. Oil futures are in contango now so the ETFs will get hurt some if you plan on holding long-term.
There is a good one you might have not heard from: TYMOOTW. Throw Your Money Out Of The Window. If it is for short term these ETFS (now) have much more randomness added, gaps too. For long term? No one buys an energy ETF for the long term. The price of Oil is still expensive compared to its typical value, it spiked in 1862, 1980, and recently in 2008, followed by years to go "back to normal", its usual price is 10-20 dollars in 2020 dollars. People that invest in Oil buy Oil companies. Imo now would be the absolute worse possible time but individual investors have this knack for being really bad. You can find plenty of Oil companies on google, it is not even that important which one you pick they'll all be heavy bags with many big difficulties for years