Oil Crosses $60 Mark, Leveraged ETF Rises
This article was originally published on ETFTrends.com.
Oil prices crossed the $60 mark on Tuesday, providing the wind in the sails for the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares (NYSEArca: GUSH), which rose over 7 percent. Concerns for weak demand of oil was offset by Organization of the Petroleum Exporting Countries (OPEC) supply cuts and experts expecting [...]