Energy analysts suggest crude oil futures ETF could benefit from Q4 refinery demand peaks. WTI moved 0.8% higher in intraday trade to $81.90, with ETF NAVs gaining accordingly on commodity price correlation. Editor’s Note: The future prices of benchmark tracking ETFs, and the lede were updated in the story. If you don’t want to invest in individual oil stocks, then you can purchase an ETF that holds oil companies . You’ll still get exposure to oil but in a more diversified way that reduces your risk. The fund may hold dozens of oil stocks, reducing your reliance on any one of them too much. Global demand forecasts from the IEA revised upward are lifting crude oil futures ETF pricing. Brent’s rally to $85.60 added 1.5% value to top oil-linked ETFs, indicating robust correlation to underlying commodity strength.
