iPath S&P GSCI Crude Oil Ttl Ret Idx ETN (OIL)

[OilStockReport]

NEW YORK (TheStreet) -- Oil exchange-traded funds such as United States Oil Fund(USO_), the United States 12 Month Oil Fund(USL_), the PowerShares DB Oil Fund(DBO_), and the iPath S&P GSCI Crude Oil TR Index ETN(OIL_) are poised for gains on rising demand for crude oil.

According to the Energy Information Agency, global demand for crude oil for the remainder of the year is expected to increase to 86.06 million barrels per day, a 2.1% increase from last year.
Furthermore, the EIA expects global consumption to jump to 87.44 million barrels per day in 2011, an increase of nearly 300,000 barrels per day from previous forecasts due to resurgent demand in the U.S., Germany and Japan over the past three months.

http://www.thestreet.com/story/10888792/four-etfs-to-bet-on-crude-oil.html