Rising oil and gas prices may bring a profit boom to U.S. energy and mining companies. Select ETFs can give investors exposure to the boom.
"So you’re playing the energy companies as opposed to the price of oil," he adds. "But those energy companies are beneficiaries by higher oil prices and by the need for greater supply to meet that very strong demand that’s out there."
On Tuesday, President Biden announced a ban on all imports of Russian oil, gas and energy to the United States, targeting "the main artery" of Russia’s economy amid President Vladimir Putin's war on Ukraine.
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