Oil Index ETF (OILT) Touches New 52-Week High

Group 1 - The Texas Capital Texas Oil Index ETF (OILT) has reached a 52-week high and is up 50.5% from its 52-week low price of $18.22 per share [1] - OILT provides exposure to companies involved in oil and gas extraction within Texas and charges 35 basis points in annual fees [2] - The rise in OILT's value is attributed to geopolitical tensions, particularly the risk of U.S. strikes on Iran and potential closures of the Strait of Hormuz, along with strong U.S. petroleum net exports and a shift from AI tech to undervalued energy stocks [3] Group 2 - OILT is expected to continue its strong performance in the near term, indicated by a positive weighted alpha of 20.87, suggesting potential for further gains [4]