🌟🌟🌟I find it strangely surprising that as a Libra person, I do share a common interest with Legendary Gurus Jim Rogers and George Soros to invest in Commodities especially oil. In fact my best performing ETF is $Energy Select Sector SPDR Fund(XLE)$ which represents the US Oil Giants like $Exxon Mobil(XOM)$ $Chevron(CVX)$ and Warren Buffett's favourite oil company $Occidental(OXY)$
With the current geopolitical conflicts in the Middle East and Russia, Oil prices have been slowly rising this year. $Energy Select Sector SPDR Fund(XLE)$ is my tactical bet on US oil companies that have benefited from the increase in oil prices. Best of all I receive dividends every 3 months. The current dividend yield is 3.02% which is a great source of passive income while waiting for capital growth.
@TigerStars
Oil Rebound! Ready for Energy Surge?
The energy stock market has witnessed a significant surge, with the $Energy Select Sector SPDR Fund(XLE)$ surpassing its 2022 highs.
The geopolitical conflicts may push oil prices higher.
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What's your target price for oil?
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