After a long decline, oil is gushing higher. The decline began last summer when oil was trading above $145 a barrel.
One of the big stories in 2008 was the rise and fall of commodity prices including the biggest commodity of them all – oil. After a short lived comeback at the beginning of 2009, spot prices for oil have dropped back to their December lows and threaten to go lower.
Whether you believe the price of oil is going to continue to rise or is poised for a fall, oil ETFs are a good way for investors to establish exposure to dynamic oil prices.