Billionaire investor Jim Mellon predicts a slow recovery for Venezuela’s oil industry, with production unlikely to increase significantly for 5-10 years. He advises investors to increase exposure to the sector, as U.S. refiners stand to benefit from the country’s heavy crude output.

American energy giants are poised to gain from Venezuela’s heavy oil, as U.S. forces captured President Nicolás Maduro. President Trump claims Venezuela will turn over 30-50 million barrels of oil to the U.S., with proceeds benefiting both nations.

The VanEck Oil Refiners ETF tracks energy stocks with a focus on refining and marketing. With high Momentum in Benzinga’s Edge Stock Rankings, it offers investors a favorable price trend in the Medium and Long terms. Click here for more insights into the fund and its constituents.

Read more at Yahoo Finance: ‘I’d Suggest Loading Up On Oil And Gas’