Jul. 15 at 1:47 PM
🛢️ Oil spiked after President Trump announced a Strait of Hormuz blockade and a 20% cargo fee, lifting the energy trade despite softer OPEC demand forecasts.
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$BNO up 8.9% past week. Leveraged ETFs like
$ERX,
$GUSH,
$DIG &
$OILU could stay in focus if crude prices remain elevated.
https://www.zacks.com/stock/news/2953368/leveraged-oil-etfs-likely-to-surge-as-hormuz-tensions-deepen?_gl=1%2A1aguu0%2A_up%2AMQ..%2A_ga%2AMjg3OTgyMDMzLjE3ODQxMDc0MjU.%2A_ga_MXXMZ1PBF7%2AczE3ODQxMTE1MDUkbzIkZzEkdDE3ODQxMTE1MTAkajU1JGwwJGgxMDk4NjE5MzU0&cid=sm-stocktwits-0-2953368-oc-38798&ADID=SYND_STOCKTWITS_TWEET_0_2953368_OC_38798