Energy ETFs were among the best performing vehicles in Selftrade's ETF Select 100 during December 2017, as oil prices continued their strong gains following OPEC's attempts to stabilise global markets.
According to data from Selftrade and ITI Group, the Source Energy S&P US Select Sector UCITS ETF saw the biggest rise of the month, climbing 8.25%, while the iShares S&P 500 Energy Sector UCITS ETF rose 5.97%. Brent Crude, which is currently trading at $69.1 a barrel (as at 17 January), has risen significantly from the 2017-lows of $45.1 a barrel in June, after the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members agreed to extend their cuts of 1.8 million barrels a day until the end of 2018 following a meeting in Vienna in November 2017. It rose above $70 ...
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