Any particular names that would be hit when oil prices go down to, say, $80 per barrel?I am bearish on crude oil price. What are the best shares to short?
OIL and USO are ETFs that track the price of crude oil. You can short OIL or USO, or buy puts on USO for additional leverage.
There's also DUG, which is a double inverse ETF that tracks the DOW oil and gas companies. When the share price of those companies goes down, the share price of DUG will go up at about twice the rate.
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