Invesco DB Energy Fund [DBE] Stock Forecast

Crude oil futures are on track for second straight weekly gains, lifting oil and broad energy ETFs. Invesco's four best-performing ETFs over one week all provide exposure to crude oil prices, either via futures contracts or equities.

Crude oil prices rose to a fourteen-year high in March 2022 but fell below $70 after the U.S. released barrels from its Strategic Petroleum Reserve. The world's nuclear power is becoming divided as Russia and China form an alliance, making the global situation more dangerous.

After rising modestly in August, energy commodity prices have continued to advance in September, lifting energy ETFs. Saudi Arabia and Russia on Tuesday announced they would extend voluntary cuts to oil production until the end of the year, prompting a rally in oil prices.

Many of the top-performing ETFs last month offered exposure to the energy sector. Energy ETFs rallied tremendously in July, offsetting the declines seen during the first half.

VYM and DBE two ETFs traded with an outsized volume yesterday.

After several months of debate and preparations, the United States and other G7 nations introduced a price cap on Russian crude oil on December 5. Following the introduction of sanctions this spring, Russia mostly redirected its oil exports to China, India, and Turkey.

I am structurally bullish on gold and oil with a multi-year timeframe. Between the two, gold likely has the advantage fundamentally and in terms of current momentum over the next 6-12 months.

Energy prices are likely to underperform other commodities in coming months. Commodities generally have likely entered an extended period of depressed returns.

DBE tracks an Index of energy futures long positions. The ETF manages about $240 million and charges an expense ratio of 0.75%.

Oil prices jumped recently after Saudi indicated that OPEC could slash output.

Invesco DB Energy Fund is a US stock and trading under the symbol DBE

Invesco DB Energy Fund stock price is $20.029 today.

Yes, Invesco DB Energy Fund is a publicly traded company.