Global X filed with the U.S. Securities and Exchange Commission with more details about its upcoming international oil exchange traded fund . The filing is being taken to mean that the fund could launch soon.
Global X Oil Equities ETF will have a 0.49% expense ratio and will track an index of international oil companies whose returns have historically been correlated with the price of oil, reports Devin Riley for Index Universe.
Oil prices have shot up in recent weeks, topping , as conflicts in the Middle East intensify.
Looks like I have been lucky with my timing lately. I called the most recent bottom in the markets , I called the top most recent top in oil on Tuesday the 3rd of August and I called the(…)Read the rest of Momentum Bullish For The United States Oil ETF (USO, UUP)