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MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN
By Fred Fromm, CFA, Vice President, Research Analyst, Franklin Equity Group
Recent attacks on oil tankers in the Middle East have grabbed headlines and revived geopolitical fears. However, Fred Fromm, portfolio manager of Franklin Natural Resources Fund, says other factors, namely global oil supply-demand dynamics, are more responsible for the bouts of oil market volatility we've seen this year.
With the June 13 attacks on two oil tankers near the Strait of Hormuz - a vital Gulf of Oman waterway - investors may be wondering if these types of disruptions could derail the global oil