So I am led to believe. OPEC has done well recently.
Oil prices rising benefits all of our NGE, EGPT, PAK, BRF etf’s.
PAK & NGE benefit the most, which are packed with energy stocks or banks that lend to oil industry. Incidentally, they are also have our largest weighting.
and of course, US Small cap energy stocks, PSCE. been on a tear since mid-summer.