What tracks the price of RB1! the closest, without actually investing in the actual RB1! futures contract?
Or what would be the best way to invest in gasoline / RB1! , if one is bullish on gasoline for the next 6 months or so?
It seems like the best tickers would be UGA, USO, or BNO, but wondering if there are any better options.
The best is probably follow the crack spread. Companies the do refining should benefit. Valero is often mentioned. But experience is oil investors are much less sophisticated. It trades as an oil stock and goes up and down with oil prices, not with crack spread like it should in theory.
Same situation with Deere and Caterpillar. Very different markets but pros trade them together. So they tend to move as twins.