Kevin O'Leary of O'Shares ETFs has a way for investors to play the oil market despite its latest big drop.
tumbled Monday, but one market expert has an under-the-radar way to play the commodity amid all the turmoil.
And according to Dave Nadig, managing director of ETF.com, the fundamental outlook for crude isn't going to get much better. Nadig also adds that "everything is pointing to oversupply" for the oil market, meaning that with supply outweighing demand, crude prices will struggle to rally, if they rally at all.
"The time to buy oil is when everyone hates it, and they're hating it a lot right now," he said Monday on "ETF Edge." "But you don't have to buy oil itself. You can buy currencies and indices of countries that are basically tied and pegged to oil prices."
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