🌟🌟🌟Crude oil futures are cyclical in nature. However with the current geopolitical conflicts in the Middle East and Ukraine, there is always the possibility that the conflicts may escalate.
I have invested in $Energy Select Sector SPDR Fund(XLE)$ just before the Ukraine war. XLE is a great ETF that represents 24 of the US Oil Giants such as $Exxon Mobil(XOM)$ $Chevron(CVX)$ as well as Warren Buffett 's favourite oil company $Occidental(OXY)$ .
XLE also pays great dividends. The current dividend yield is 2.58%. XLE just went ex dividend on December 23, just in time for Christmas.
Wishing Everyone a Merry Christmas and a Prosperous Happy New Year. 😍😍😍🎅🎅🎅🎄🎄🎄🌈🌈🌈💰💰💰
@Tiger_comments @TigerStars @CaptainTiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments