A worst case scenario in the event of an all out war, involving US ground troops, prices could double to even USD 150.
Conversely if there is a cease fire, the "war" premium could evaporate within days, returning oil prices to USD 73 to 75.
$Energy Select Sector SPDR Fund(XLE)$ which represents 22 of the US oil giants in 1 powerful ETF, provides a tactical play during this volatile geopolitical instability.
These include $Exxon Mobil(XOM)$ and $Chevron(CVX)$ which would benefit from the current oil shortage. These 2 oil giants alone make up nearly 40% of XLE holdings.
Let's hope and pray for peace in the region soon as war is never a solution.
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- MarsBloomΒ·03-04 16:14TOPSolid move with XLE in this chaos. Praying for peace! [ηζΆ¨]1Report
- 1PCΒ·03-04 20:38TOPNice Sharing π @Sherniceθ»ε¬£ 2000 @JC888 @DiAngel @Shyon @Aqa @JC8881Report