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IPW

Due to ongoing geopolitical concerns, the price of crude oil has remained in focus for the past week as investors have bid up the commodity to nearly $100/bbl. Tensions in Egypt have been the main culprit for the rise as traders are growing increasingly wary that the revolt with spread across the region and destabilize many of the world’s most important oil exporting countries. This has had an especially large impact on the price of Brent crude which is the benchmark for oil in the European region but is often augmented by supplies from the Middle East. Thanks to ongoing worries that the Suez Canal may be shut down and that European users will have to rely on Brent for a short-period of time, the possibility exists that Brent could remain elevated with respect to its WTI cousin in the U.S. for a considerable time. [click to continue…]

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Tuesday’s ETF To Watch: International Energy ETF (IPW)

by on July 27, 2010

The now infamous Deepwater Horizon oil rig disaster has sent millions of gallons of oil into the Gulf of Mexico and threatens to destroy the once-pristine beaches and wetlands of much of the Southeastern United States. This disaster could not have come at a worse time for the struggling region which has seen higher-than-average unemployment figures and anemic growth levels. This trend looks likely to continue as thousands of fishing and tourism jobs disappear from the Gulf due to the spill and fears over the safety over eating products from region or visiting the coast. In fact, some studies believe that the cost to the Gulf in terms of lost tourism dollars could approach $23 billion and last for three years. While this disaster has had a devastating impact on the environment and local businesses, it has also dealt a heavy blow to a variety of multinational companies involved in the oil industry as well [see Energy ETFs: Six Very Different Ways To Play]. [click to continue…]

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This Week in ETFs: June 11th Edition

by on June 11, 2010

Overcoming a weak Wednesday, equity markets trended higher on the week; investors bought beaten-down shares as fears over the contagion in Europe temporarily subsided. The bulk of the week’s gain came on Thursday as the Dow gained 2.8% and the S&P 500 gained 3% on upbeat comments from the ECB as well as strong data [...]

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Iraq Opens Its Doors: Oil & Gas ETFs In Focus

by on June 25, 2009 | Updated August 12, 2009

Big oil is turning its attention to Iraq once again. But this time, instead of fear and dread, oil companies are looking to the Gulf state with hope and optimism. In recent years, the Iraqi oil industry usually made the news for all the wrong reasons: sabotages of pipelines, bomb attacks at drilling sites, employee [...]

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