Want to go long Crude oil

Jdesey · Oct 9, 2023

I haven’t played crude in over 2 years.
With the situation in the Middle East I want to go long. What’s the best ETF to do that with? I’ll be looking at calls. I know about XLE but is there a more direct crude etf?

ZBZB · Oct 9, 2023

BKR88 · Oct 9, 2023

Here's a good source for ETFs by category.
https://etfdb.com/etfdb-category/oil-gas/

Arnie Guitar · Oct 9, 2023

It's too late, right?

Ninja · Oct 9, 2023

Arnie Guitar said:
It's too late, right?

Too late for what? It's just starting...

Drawdown Addict · Oct 9, 2023

It had a good run for a few months. And it looks like it has hit ATH recently.
Going long seems to be a bit brave.

Sergio123 · Oct 9, 2023

I use ERX. I like trading it better than /CL or USO.

nitrene · Oct 9, 2023

UCO = +2X USO (CL futures)
SCO = -2X USO

ERX = +2X XLE
ERY = -2X XLE

GUSH = +2X XOP
DRIP = -2X XOP

GUSH was up the most today at ~8%. Oil & Exploration are usually more volatile than the Oil majors. Also XOP is equal weighted vs XLE which is market cap weighted which pretty means you rely on XOM & CVX to do well. UCO is he most liquid after USO, of course.

cesfx · Oct 13, 2023

USO is shite...

Nadexsniper · Oct 22, 2023

have not traded crude oil for years