🌟🌟🌟 $Energy Select Sector SPDR Fund(XLE)$ is my tactical bet and insurance on the current skyrocketing oil prices.  I have bought it even before the Ukraine war started and held it till now.  In just 1 trade I gain exposure to the US oil giants which include $Exxon Mobil(XOM)$ and $Chevron(CVX)$ .  It helps me to balance my portfolio at a time when the markets are wobbly. I pray for peace in the Middle East as it is ultimately the best solution for everyone.🙏🙏🙏 @CC on ETFs @Tiger_comments

Expect oil prices to be volatile and remain elevated in the short term as risk premiums still high. However, high volatility can often present good trading opportunity.

From my perspective, the oil rally is being driven mainly by geopolitics rather than fundamentals. With Brent near $100 and WTI above $95, much of the move already reflects the risk premium around the Strait of Hormuz. That’s why funds like United States Oil Fund (USO), United States Brent Oil Fund (BNO) and leveraged products such as ProShares Ultra Bloomberg Crude Oil (UCO) have surged so quickly. Personally, I’d be cautious about chasing after such a sharp move. Geopolitical rallies can reverse fast if tensions ease, and leveraged ETFs like Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH) can swing both ways quickly. If I wanted exposure, I’d lean toward energy equities instead. ETFs like Energy Select Sector SPDR Fund (XLE) or Vanguard Energy ETF (VDE) tend

The rally began on February 28, when the United States and Israel launched airstrikes on targets inside Iran, sharply escalating tensions in the Middle East. Over the following two weeks, missile attacks and airstrikes expanded, and the market quickly began pricing in a geopolitical risk premium.