Additionally, a case can be made amongst portfolio managers that the specific “type” of crude oil invested in deserves consideration as Brent has significantly outpaced WTI (West Texas Intermediate) crude oil year to date, with BNO (U.S. Brent Oil) rallying an impressive 21.25% year to date. [Brent Oil ETF Crushes WTI in 2011]
In any case, with spot oil prices rising sharply over the past 7 trading sessions and now with Iran running interference, the space remains in focus especially with other areas of the markets not seeing a ton of volatility nor trading volume at the moment heading into year’s end.
U.S. Brent Oil
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