The Brent Crude price flowed higher again today as uncertainty grew over the future of the Iran war. The price was up 0.64% to $111 in mid-trading as investors chewed on what seemed to be contradictory comments from President Trump.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
On one hand there were hopes that a peace deal could be concluded shortly, but on the other the threat of U.S. boots on the ground remains a strong possibility.
We have looked at two ETFs from our Best Oil, Gas and Consumable Fuels ETF list, which could keep benefiting from oil price volatility.
ProShares UltraShort Oil & Gas (DUG)
It offers investors a unique opportunity to capitalize on the inverse performance of the oil and gas sector. Categorized under the energy sector, this ETF specifically targets the oil, gas, and consumable fuels niche, providing a powerful tool for those looking to hedge against or profit from declines in this volatile industry. By employing a leveraged strategy, DUG seeks to deliver twice the inverse daily performance of the Dow Jones U.S. Oil & Gas Index, making it an ideal choice for sophisticated investors aiming to navigate market downturns or enhance their portfolio’s exposure to energy sector dynamics.
It has $14.36 million of Assets under Management. It was up 0.25% today.
Strive U.S. Energy ETF (DRLL)
It is a dynamic investment vehicle designed to capitalize on the robust opportunities within the U.S. energy sector. As a sector-focused fund, DRLL provides investors with targeted exposure to the Oil, Gas & Consumable Fuels niche, a critical component of the global energy market. This ETF is meticulously crafted to track the performance of leading U.S. companies involved in the exploration, production, and distribution of oil, natural gas, and other consumable fuels. By investing in DRLL, shareholders gain access to a diverse portfolio of energy giants and innovative firms driving the future of energy consumption and production.
It has $325.01 million of Assets under Management. It is up 41.78% over the last three months.
