A major exchange-traded fund manager suggests the oil trade won’t provide much upside ahead.
VanEck CEO Jan van Eck isn’t excited by traditional energy plays, which include the year’s volatile crude trade.
“The core ‘Old Energy’ world is just a sideways world right now,” VanEck CEO Jan van Eck told CNBC’s “ETF Edge” on Monday.
Yet, it has been anything but sideways so far this year for the oil markets. On Wednesday, WTI
closed at its highest level since Oct. 8 on jitters surrounding President Trump and Iran. Meanwhile, Brent
