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Oil has been a great trade in 2026, with wars between the U.S. and Iran war and Russia-Ukraine resulting in rising crude prices and big profits for opportunistic traders. Broad-based energy sector ETFs such as XOP are up roughly 40% this year, while ETFs betting directly on the price of oil, like USO , are up a lot more than that. Nothing can come close to the gains made by BWET , a freight ETF that bets directly on the cost of transporting crude around the world, now up over 4,000% this year and about to be extended on the…
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