Related: Once Sluggish Energy ETFs Gain Momentum
“Commodities have historically performed better in later parts of the economic cycle as demand for resources outpaces supply. We prefer commodities exposure via related equities and debt. Both have lagged the recovery in underlying spot prices. Major producers’ capex discipline and sharper focus on profitability are encouraging,” according to BlackRock.
Other oil services ETFs include the VanEck Vectors Oil Service ETF (NYSEArca: OIH), PowerShares Dyanmic Oil & Gas Services Portfolio (NYSEArca: PXJ) and SPDR Oil & Gas Equipment & Services ETF (NYSEArca: XES). These services ETFs include big names like Schlumberger and Halliburton that provide the necessary equipment to drill and maintain oil producing operations
For more news on oil ETFs, visit our energy category.