Replies to post #2167 on United States Oil Fund (USO)

[JohnCM]

ETFS

6 Ways To Profit As Oil Prices Surge, And A High-Octane Stock Play

IBD
BY NANCY GONDO
05/17/2018

Oil exploration stock plays are surging along with crude futures amid expectations the global oil glut will continue to ease.

West Texas intermediate crude topped $72 a barrel, while Brent got above $80, its highest level since November 2014. Earlier this month, light sweet crude (WTI) hit $70 for the first time since November.

Prices rose further after the Trump administration announced May 8 the U.S. would withdraw from the Iran nuclear deal but delayed imposing sanctions. Renewed sanctions on Iran along with OPEC production cuts are expected to tighten global supplies, leading to higher oil prices.

As a result, oil explorers' stock prices are surging.

[Smilin_B]

Definitely not YAWN. This is serious whats going on in crude as it relates to contango/roll forward/decay