TUSK - Top 3 Ways To Play USO While Delays In Completions Persist
The United States Oil Fund ETF (USO) is on the verge of a breakout due to an increase in geopolitical instability and Hurricane Florence, while depletion-driven, short cycle investments (fracking) is keeping longer cycle, offshore oil supplies offline.
Take the fact that oil demand is reaching 1.8 million barrels per day on a strengthening global economy, and you have the perfect storm for higher oil prices. The best ways to play these bullish underpinnings could be through oil itself, services players, or the drillers, which shall be discussed further below.