Indeed, oil stocks and ETFs have been popular, or notorious, with investors for several months now. Since the start of 2015, several of the most widely searched ETFs on ETF Trends are oil funds, including USO, the Energy Select Sector SPDR (NYSEArca: XLE) and the Market Vectors Oil Service ETF (NYSEArca: OIH). [Big Challenges for Big Energy ETFs]
“We started the competition on January 29th and within the first two hours, 25 people had already put in their predictions for oil. Right now the prediction for oil at the end of February is $44.75. The crowd has really shown an interest in predicting the price of Oil and we’re excited to see where they take us,” adds Singh.
Vetr has gained acclaim as the “financial Facebook” as investors have crowdsourced over 22,000 equity and ETF ratings on the site since its debut in May 2014.
For more on the Vetr Oil Challenge, follow this link.
