Oil Price Hits $100 a Barrel Amid War in the Middle East: ETFs to Gain

Oil surged above $100/barrel after a Middle East conflict disrupted traffic through the Strait of Hormuz, triggering a sharp rally in USO and other oil ETFs. The move lifted profits across the global oil industry and implies tighter supply and elevated upside risk (and volatility) for energy prices and commodity-linked assets.

Analysis

Oil surged above $100/barrel after a Middle East conflict disrupted traffic through the Strait of Hormuz, triggering a sharp rally in USO and other oil ETFs. The move lifted profits across the global oil industry and implies tighter supply and elevated upside risk (and volatility) for energy prices and commodity-linked assets.