I haven’t played crude in over 2 years. With the situation in the Middle East I want to go long. What’s the best ETF to do that with? I’ll be looking at calls. I know about XLE but is there a more direct crude etf?
It had a good run for a few months. And it looks like it has hit ATH recently. Going long seems to be a bit brave.
UCO = +2X USO (CL futures) SCO = -2X USO ERX = +2X XLE ERY = -2X XLE GUSH = +2X XOP DRIP = -2X XOP GUSH was up the most today at ~8%. Oil & Exploration are usually more volatile than the Oil majors. Also XOP is equal weighted vs XLE which is market cap weighted which pretty means you rely on XOM & CVX to do well. UCO is he most liquid after USO, of course.