The tense situation in the Middle East -- particularly, in Libya -- is driving a sharp rally in crude-oil futures and related ETFs. The $2.0 billion U.S. Oil Fund (USO), which invests in front-month WTI crude oil futures contracts, opened up more than 7% this morning.Investors looking to play this turmoil in the ETF space face an interesting choice: Use USO or turn to one of its competitors, such as the U.S. 12-Month Oil ETF (USL) or the PowerShares DB Oil Fund (DBO). USL and DBO differ from USO in that they do not track the front-month oil contract. Instead, they move out on the oil futures curve. USL, for example, invests an equal amount in the next 12 months' worth of oil futures contracts.
How To Play Libya
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