An ETF to Consider As Energy Commodities Shine During Inflation etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
Right now, a confluence of harsh weather, geopolitical events, and OPEC supply cuts are continuing to move in favor of higher oil prices.
Up over 40% in the past few months, DBO seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. The single index Commodity consists of Light, Sweet Crude Oil (WTI). The fund invests in futures contracts in an attempt to track its corresponding index.
The broader energy play, DBE, is up 34% and seeks to track the DBIQ Optimum Yield Energy Index Excess Return, which is intended to reflect the changes in market value of the energy sector. The index Commodities consist of Light, Sweet Crude Oil (WTI), Heating Oil, Brent Crude Oil, RBOB Gasoline, and Natural Gas. The fund invests in futures contracts in an attempt to track its index.