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RSX - VanEck Vectors Russia ETF To Be Hit By Oil Outlook
VanEck Russia ETF
With the OPEC meeting scheduled for July 2 and the G-20 summit for June 28 and 29, the next few days are going to be very important for the VanEck Vectors Russia ETF (RSX). The ETF is heavily weighted towards the energy sector, and so, it will be affected in the near term by movements in international crude oil price, which in turn will be affected by the two meetings. For the longer term of around one year, we expect RSX to be affected by the longer-term oil outlook, US presidential elections