Oil Price Hits $100 a Barrel Amid War in the Middle East: ETFs to Gain

Key Takeaways USO has surged 50.8% YTD as crude nears $120 amid severe supply disruption through the Strait of Hormuz. XLE, the largest energy ETF with $39B in assets, has risen 26% YTD as higher crude prices lift energy stocks.OIH has climbed 33.1% YTD as rising oil prices boost demand for drilling and oilfield services.Geopolitical tensions in the Middle East have escalated sharply over the past week, with the United States and Israel engaged in an intensifying conflict with Iran that has disrupted produc ...