Tuesday’s ETF To Watch: SPDR S&P International Energy Sector ETF (IPW)

Due to ongoing geopolitical concerns, the price of crude oil has remained in focus for the past week as investors have bid up the commodity to nearly $100/bbl. Tensions in Egypt have been the main culprit for the rise as traders are growing increasingly wary that the revolt with spread across the region and destabilize many of the world’s most important oil exporting countries. This has had an especially large impact on the price of Brent crude which is the benchmark for oil in the European region but is often augmented by supplies from the Middle East. Thanks to ongoing worries that the Suez Canal may be shut down and that European users will have to rely on Brent for a short-period of time, the possibility exists that Brent could remain elevated with respect to its WTI cousin in the U.S. for a considerable time. This bullish sentiment for Brent crude [...] Click here to read the original article on ETFdb.com. Related Posts: Tuesday’s ETF To Watch: International Energy ETF (IPW) Wednesday’s ETF To Watch: United States Oil Fund (USO) This Week in ETFs: June 11th Edition Iraq Opens Its Doors: Oil & Gas ETFs In Focus