Oil Tops $100, Fed Hike Bets Surge: 5 Defensive ETFs to Watch Now
Oil tops $100 as Saudi supply plunges and Fed hike bets rise. Here are five defensive ETFs to watch as inflation risks intensify.
Oil prices jumped to $100 per barrel because less oil is coming from Saudi Arabia, and people think the Federal Reserve will raise interest rates soon to fight inflation. When oil gets expensive and interest rates might go up, people sometimes move money to safer investments like gold and utility companies.
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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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