Oil prices (WTI) hit $60 on last week and is now up 30% year-to-day. One week ago, OPEC canceled their planned meeting in April, effectively extending supply cuts that have been in place since January until at least June. Prices have been further supported by U.S. sanctions against oil exports from Iran and Venezuela.
Two weeks ago, I wrote a post about oil and that the next stop was $63.
Oil At 4 Month Highs…What’s Next???
One way to get involved with oil is through the SPDR S&P Oil & Gas Exploration & Production ETF, XOP seeks to provide investments and exposure to
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