Can the Crude Oil ETF (ASX:OOO) Keep Riding Middle East Tensions?
Highlights The Betashares Crude Oil Index ETF has been one of the top-performing ASX ETFs, posting strong gains over the quarter to early October. US crude rose again overnight after a large drop in US inventories and new attacks on Gulf shipping. The fund tracks WTI crude oil futures, hedged into Australian dollars, rather than oil companies. The Betashares Crude Oil Index ETF Currency Hedged (Synthetic) (ASX:OOO) has become one of the most closely watched exchange-traded funds on the ASX as...