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Massive wildfires in Canadas oil sands area, an sudden drop in U. S. crude oil inventory and geopolitical issues in Nigeria and Libya sent crude oil prices surging this week. But dont expect it to last. Experts say all of this can likely translate into higher prices atcase answer gas pump and gains in oil related stocks but only in case answer short term. Its not likely these events will make case study everlasting and critical dent incase solution worlds massive oil supply glut thats caused oil prices to plunge since 2014. They likely wont be hugely fabric unlesscase answer outages last case study lot longer, said Tony Starkey, case study supervisor of energy evaluation at SandP Global Platts. For this reason, buyers might want to plunk their cash into short term bets incase solution oil sector, with leveraged ETFs, such as VelocityShares 3x Long Crude Oil ETN UWTI, offeringcase answer biggest potential bang forcase solution buck incase answer near term. Canadas wildfires generatedcase solution most riveting headlines incase answer oil sector overcase solution past week. Albertas oil sands holdcase answer third largest oil reserves incase solution world, behind Saudi Arabia and Venezuela. Canada is alsocase answer top oil enterprise tocase answer U.
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