Friday’s ETF To Watch: iShares Oil Equipment & Services Fund (IEZ)

One of the biggest stories in the world of finance over the past few weeks is undoubtedly crude oil’s ascent to near 52 week high levels. The important commodity has benefited from a surge in optimism in a number of developed markets as investors bought up shares in America and the debt crisis in Europe cooled. Yet concerns still remain for the price of black gold as some fear that the commodity may have reached a top for the time being and that tightening measures in a variety of developed markets may lead to a sharp correction in the near future. In fact, prices slumped more than $2/bbl. in yesterday’s session, falling below the $90 mark for the first time in a week, calling into question when oil will again approach the $100 level. While disappointing for integrated oil firms, the drop has been especially troubling for oil equipment firms that [...] Click here to read the original article on ETFdb.com. Related Posts: Five ETFs To Watch Ahead Of Obama’s Oval Office Address Oil ETFs Slide As “Top Kill” Fails, Obama Lashes Out Finding The Right Oil ETF For A Crude Rally Deepwater Spill Contaminates More Than Just Water: Oil ETFs Plunge ETF Plays For $100 Oil: USO, EEO, and IEZ