Baystreet.ca - Here's a Top Oil and Gas ETF to Add in May :

Baystreet.ca - Here's a Top Oil and Gas ETF to Add in May


Here’s a Top Oil and Gas ETF to Add in May
The promise of a global economic recovery has generated positive momentum for commodities. Oil and gas prices suffered over the course of the pandemic.
However, rising demand has led to higher prices in late 2020 and early 2021. Investors may want to seek exposure to the oil and gas sector in this environment.
The spot price of West Texas Crude was threatening the $65 mark at the time of this writing. Goldman Sachs recently released a research note that projected oil prices would build momentum into the summer.
The Horizons Crude Oil ETF (TSX:HUC) is one of my favourite exchange-traded funds to target in this space.

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