πππThe energy market is currently caught between optimistic political announcements & volatile physical supply realities in the Middle East.
Trump says that oil prices will drop precipitously once current military engagements conclude & mentioned historic agreements regarding Venezuelan oil reserves.
Yet the stark reality is that with the Strait of Hormuz virtually closed, shipping disruptions in the Middle East will persist.
Until the conflict in the Middle East is resolved and a formal ceasefire is announced, I believe we can expect high energy prices across the globe.
A good strategy is to invest in $Energy Select Sector SPDR Fund(XLE)$ as it provides a low cost exposure to the US oil giants like $Exxon Mobil(XOM)$ & $Chevron(CVX)$ .
XLE has a low expense ratio of 0.08% and pays a dividend yield of 3.2%.
Let's pray for peace in the region as war is never a solution to any conflicts.
@Tiger_comments @TigerStars @Tiger_SG
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