Profit From Falling Oil Prices With These ETFs

However, some market observers believe the $60 per barrel level will be a tough mountain to climb for oil futures.

Traders looking to profit from falling oil prices have plenty of ETF options, including the ProShares UltraShort Bloomberg Crude Oil (NYSEArca: SCO), which tries to reflect the two times inverse or -200% daily performance of WTI crude oil, and DB Crude Oil Double Short ETN (NYSEArca: DTO), which also follows a -200% performance of oil.

“Both the IEA and OPEC see demand growth easing lower from last year’s pace. IEA sees demand growth slowing to 1.4mn bpd this year, from 1.6mn bpd in 2016, while OPEC sees it slipping from 1.38mn bpd in 2016 to 1.26mn bpd this year,” according to Zero Hedge. “While in isolation, this may seem bullish for prices, it does raise a key question: if the IEA is missing the target on demand, isn’t it just as likely to miss on its supply estimates?”

USO has seen almost $88 million in year-to-date inflows.

For more information on the crude oil market, visit our oil category.