BetaShares Crude Oil Index FX Hedged ETF (ASX: OOO) $8.66

The OOO ETF provides investors with exposure to the price of West Texas Intermediate (WTI) crude oil through futures contracts, offering a simple way to gain direct exposure to movements in global oil prices without directly owning physical oil, or the risks that come with specific stocks. The fees of 0.69% aren’t cheap, but the ETF is FX hedged, which has seen it outperform the S&P GSCI Crude Oil Index Excess Return  Index (USD) by ~5% so far in 2026.

Obviously, the eventualities in the Middle East will have a major influence on the OOO ETF into Christmas, making it a tough investment vehicle as we’ve seen over recent months — the only certainty between the US and Iran appears to be ongoing uncertainty and volatility! Its not an ETF we are considering, but it works for investors/traders who see further issues with the Strait of Hormuz.

• We like the risk/reward towards the OOO ETF in dips towards the $7.50 area.