Best Oil and Gas Stock ETFs to Buy Right Now Despite Oil Price Plunge: 03/23/26

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The oil price plunged today as President Donald Trump raised the prospect of an end to the Iran war. Trump said the U.S. and Iran had had positive discussions signaling that the month-long conflict, which has battered energy sites and supply chains across the Middle East could be on its last legs.

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The Brent Crude oil price, which has rocketed during the conflict, was down 12% today in late trading.

However, despite the turmoil, a couple of ETFs from our Best Oil and Gas Stock ETFs list performed well.

**ProShares Ultra Oil & Gas ETF DIG +2.83% ▲ **

It is a dynamic exchange-traded fund (ETF) designed for investors seeking amplified exposure to the energy sector, with a particular emphasis on oil, gas, and consumable fuels. This ETF aims to deliver twice the daily performance of the Dow Jones U.S. Oil & Gas Index, making it an intriguing option for those who are bullish on the energy market and looking to capitalize on short-term price movements. Operating within the sector-focused category, ProShares Ultra Oil & Gas leverages a unique strategy to enhance potential returns by utilizing financial instruments such as derivatives to achieve its leveraged objective.

It was up 2.43% today and is up 72% in the year-to-date.

**First Trust Natural Gas ETF FCG +0.29% ▲ **

The First Trust Natural Gas ETF is a dynamic investment vehicle designed to capture the growth potential within the energy sector, specifically focusing on the lucrative niche of Oil, Gas & Consumable Fuels. This ETF presents an opportunity for investors to gain targeted exposure to the natural gas industry, a critical component of the global energy market known for its cleaner-burning characteristics compared to other fossil fuels.

It is up 0.35% today and is 32% higher in the year-to-date.

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