Under the guise of clamping down on “widespread corruption,” Prince Mohammed bin Salman is sending a clear message to the Saudi elite that he is running the show, notes Tony Daltorio, editor of Investors Alley Premium Digest.

You may think to yourself — that's interesting, but it doesn't affect me. Here's why you should care… one word – oil. It isn't a coincidence that these events propelled the price of oil to the highest level in two years.

If you are interested in just broad exposure to the still beaten-down energy sector instead of a specific stock, here are my suggestions among ETFs.

For a more leveraged play on the price of oil, there is the Van Eck Vectors Oil Services ETF (OIH). Its portfolio contains most of the major oil service companies, with an emphasis on the two giants in the industry – Schlumberger (SLB) and Halliburton (HAL). This ETF is still down more than 27% year-to-date and about 11% over the past year.

Another choice is the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). Its portfolio contains a wonderfully wide range of U.S. oil companies including most of the shale oil and gas companies. This fund is down 12.25% so far in 2017 and down only 2% over the last 12 months.

If your taste runs to the mega-cap oil companies, a good fund is the Vanguard Energy ETF (XLE) with the two largest positions being ExxonMobil (XOM) and Chevron (CVX). This ETF is down 8.75% year-to-date and 1.5% over the last 52 weeks.

All three ETFs should continue to do well as more turmoil is caused Prince Mohammed bin Salman's continuing quest for power.

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