USO vs. OIL: Which Is the Better Crude Oil ETF?
Michael Johnston submits:With the summer driving season just around the corner, surging GDP growth around the world, and another earnings season off to an impressive start, more and more investors are taking a closer look at oil markets. As OPEC begins to once again flex its collective muscle and demand from emerging markets continues to build, some see crude prices surging in coming months, perhaps teasing the $100 per barrel level last touched in September 2008. Historically, investors looking to make a play on rising oil prices did so through equities of energy companies that often enjoy a jump in profitability when crude prices spike. But the rise of the ETF industry has changed the way many investors approach commodity investing, bringing many securities that were once available primarily to institutional traders within reach. While exposure to spot oil prices still isn’t readily available, the development of futures-based commodity products allows more direct exposure to one of the world’s most widely-used resources.Complete Story »