Oil prices skyrocketed more than 12% on June 13, following a major military escalation in the Middle East. Brent crude jumped above $78 per barrel, while WTI crude rose to nearly $77 — the highest level in four months. With this rally, oil is on course for its largest weekly gain since 2022.
The impressive jump in oil prices has a big impact on oil ETFs, helping these to gain as well. Here are some popular oil ETFs that could be interesting plays to directly deal with in the futures market.
This post originally appeared at Zacks.