XOP - 3 Top ETFs to Buy in May to Cash In on Higher Oil Prices
2024-05-07 07:15:00 ET
Oil prices have rallied this year. West Texas Intermediate, the primary U.S. benchmark price, is up more than 10% to nearly $80 a barrel. Higher crude prices are driving up most energy stocks.
One of the easiest ways to cash in on the oil-fueled rally in energy stocks is to invest in an exchange-traded fund (ETF) focused on the sector. They provide relatively broad exposure to the sector, enabling investors to enjoy some oil-fueled gains.
Energy Select Sector SPDR Fund (NYSEMKT: XLE) , Vanguard Energy ETF (NYSEMKT: VDE) , and SPDR S&P Oil & Gas Exploration & Production ETF (NYSEMKT: XOP) stand out to some Fool.com contributors as the top energy ETFs to buy this month for those seeking to cash in on higher crude oil prices this year. Here's why they like them.
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3 Top ETFs to Buy in May to Cash In on Higher Oil Prices