Oil At $90? Prediction Market Odds Jump, Bringing Energy ETFs Back in Focus
Prediction markets now see a 51% chance of U.S. oil topping $90 this month, putting energy ETFs like XLE, XOP, OIH and USO back in focus.
People betting in prediction markets think oil prices might go above $90 soon, so investors are looking at energy company stocks again. When people think oil might get more expensive, energy companies can earn more money, so it's worth watching what actually happens to oil prices.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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