Shipping ETF Sees Tailwind from Oil Storage Demand
February 18, 2015 at 11:00 AM EST
As traders sit on oil stores in an attempt to wait out the low energy prices, shipping exchange traded are setting sail on increased at-sea storage demand. The Guggenheim Global Shipping ETF (NYSEArca: SEA) is up 1.5% year-to-date after declining 11.4% over the past year. After oil prices plunged...