24/7 Wall Street
23 May 2026, 15:13 UTC · 2h ago
Source · https://247wallst.com/investing/2026/05/23/us-oil-has-nearly-doubled-this-year-and-after-tracking-every-oil-etf-these-3-show-exactly-where-the-energy-trade-goes-next/
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WTI crude oil prices have nearly doubled since the start of 2026, rising from $57 to approximately $112 per barrel. — A massive surge in energy prices acts as a significant inflationary driver and increases input costs for global industries.
+0.80Oil price increases are being driven by a persistent geopolitical risk premium tied to US-Iran tensions around the Strait of Hormuz. — Ongoing geopolitical instability in a critical chokepoint suggests that price volatility will remain high and supply risks are systemic.
+0.60The oil futures curve is currently in backwardation, creating a positive roll yield tailwind for futures-based ETFs. — This technical market structure benefits holders of commodity ETFs (USO, BNO, DBO) relative to their historical performance in contango.
+0.30Impact vectors
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Model heads
The fund is up about 94% year-to-date, benefiting from the Brent oil risk premium.
The fund has seen a significant year-to-date gain of 84% due to rising oil prices.
The fund has nearly doubled year-to-date, tracking the surge in WTI crude prices.
Mentioned as a successful past call by an analyst, though not the focus of current news.
[mutual] Both are exchange-traded funds providing investors with exposure to crude oil futures.
[mutual] Both are exchange-traded funds providing investors with exposure to crude oil futures.
[mutual] Both are exchange-traded funds providing investors with exposure to crude oil futures.
