ETF Investors Are Bravely Buying The Energy Dip

The deflation in energy prices has been one of the more sensationalistic headlines in the financial media for the last seven months. The continued month over month declines in crude oil, natural gas, energy stocks, and other associated industries has many experts scratching their heads. The entire sector has defied calls for a bottom and continues to trade with extreme oversold readings.

A look at a chart of the United States Oil Fund (USO) shows just how deep this correction has been since hitting a high last June. This ETF tracks the daily spot price of West Texas Intermediate Light Sweet Crude Oil futures contracts and has declined more than 55% from its 2014 peak.

Read More at: NASDAQ.com

Disclosure: FMD Capital Management, its executives, and/or its clients may hold positions in the ETFs, mutual funds or any investment asset mentioned in this post. The commentary does not constitute ...

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Susan Miller 5 years ago Member's comment

$GDX - $USO spread looks steep, buy Oil sell gold miners?

Joe Economy 5 years ago Member's comment

Curious to hear who the people to watch are in order to gauge if we are at the bottom?

Is there such a thing as "insiders" when it come to oil investing stock?

Obama last week said that people shouldn't rush out to buy gas guzzlers, because oil prices are sure to turn around soon. Was this the subtle hint that indicates a US intervention in oil supply is about to happen?