Tap Oil With These Leveraged Energy ETFs
Zacks Investment Research | Dec 03, 2018 10:25PM ET
After registering the worst month in a decade, oil price rebounded strongly gaining as much as 6% in yesterday’s trading session following the G20 summit, which has been highly positive for the commodity. Notably, oil notched its best day in more than five months.
This is especially true as trade concerns alleviated for some time with the U.S.-China trade truce, in which Trump agreed to halt any new tariff for 90-days while China agreed to boost purchases of U.S. agricultural goods to reduce trade imbalance between the two countries. This has brought relief to global growth concerns and the resultant waning oil demand (read: Zacks Investment Research
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