$DBO

ExxonMobil and Chevron reported quarterly results boosted by U.S.-Iran war-driven oil price gains, with Exxon profit up to $14.5B and Chevron net income rising near 400%. U.S. crude averaged above $92 from April to June. Oil and energy ETFs including USO, DBO, BNO, XLE and CRAK saw strong YTD returns, but prices have recently fallen as prospects for easing tensions were discussed by President Trump.

The article says US WTI crude rose from about $57 at the start of 2026 to around $112, nearly doubling, amid Iran-related tensions near the Strait of Hormuz. It highlights three futures ETFs—USO, BNO, and DBO—each tracking different aspects of the oil market, with returns driven by the futures curve and roll yield.

Oil ETFs USO, BNO, DBO, and USL jumped after new U.S. sanctions on Russian oil giants, but oversupply concerns may cap further gains.