Middle East tensions, the Ukraine war and ongoing supply cuts from the Organization of the Petroleum Exporting Countries (OPEC) are supporting higher prices for crude oil in 2024. The largest oil ETF, the United States Oil Fund LP (USO) is up nearly 17% in 2024, and the broader market is up just under 10%, as measured by the SPDR S&P 500 ETF Trust (SPY). Meanwhile, a milder-than-expected winter and the U.S. Department of Energy’s pause on natural gas exports has pushed natural gas prices down 26% year-to-date, as measured by the United States Natural Gas Fund LP (UNG). With multiple performance variables ... (full story)