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Shipping disruptions and supply risks could keep oil prices elevated, with Goldman seeing a path to $120 Brent. Here are some energy ETFs worth watching.
Oil prices spiked after the U.S. announced a Hormuz blockade. Leveraged oil ETFs like ERX, GUSH, DIG and OILU could benefit.
A relative period of calm in the oil market may well be over, following last week's goings on in the Middle East. Most notably, the U.S. renewed military strikes against Iran, with President Trump potentially unnerving the oil market by saying the already fragile peace deal between the two countries is over.
Oil surges over 5% on extended Iran blockade fears. Leveraged energy ETFs like GUSH, ERX and OILU come into focus for short-term traders.
Energy ETFs gain appeal as oil prices are expected stay above pre-conflict levels, with supply shocks, stalled Iran talks & tight markets indicating sustained price strength.
Direxion Daily Energy Bull 2X ETF surged 84.4% in Q1 2026, outperforming XLE's 37% gain amid energy sector strength. U.S. energy companies benefit from geopolitical tensions, supportive U.S. policy, and global supply concerns, positioning XLE and ERX for continued profitability. ERX's leverage offers high reward but carries significant risk and time decay, making it suitable only for short-term tactical trades with disciplined stops.
Direxion Daily Energy Bull 2x Shares (NYSEARCA:ERX - Get Free Report) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 307,803 shares, a growth of 38.6% from the February 26th total of 222,156 shares. Currently, 8.1% of the shares of the stock are
In early 2026, the energy sector has reclaimed its title as one of — if not the — most volatile corners when it comes to the equities market. As Direxion CEO Doug Yones would say, heavy volatility makes for “perfect Direxion weather.