The oil trade may have more juice despite a losing week

Even though WTI crude just saw its worst week in more than two months, the oil trade may have more juice left in the tank. Mirae Asset Securities’ Chris Hempstead told CNBC’s “ETF Edge” that he sees the Russia-Ukraine war fallout and OPEC+ oil cuts as key bullish catalysts for oil. “If you look at the 33 energy ETFs that are out there, almost all of them, when you’re looking at their underlying components, have analyst buy ratings and overweight ratings,” the firm’s director of ETF trading said. “Even with the rally in the energy sector, despite the rest of…