FYI: Oil is breaking out. A combination of supply, demand and geopolitical factors has pushed prices for global crude benchmarks to levels last seen more than four years ago.
West Texas Intermediate crude oil—better known as WTI, and the U.S. benchmark—reached as high as $67.45 on Wednesday, while European benchmark Brent crude oil touched $73.09, the loftiest prices since late 2014.
WTI and Brent are up 10.5% and 7.5%, respectively, so far this year. The latest push higher comes as geopolitical tensions heat up.
Regards,
Ted
http://www.etf.com/sections/features-and-news/10-new-energy-etfs-play-oils-rise?nopaging=1
