New oil ETF(not traded yet), not oil stocks, but oil futures. This should
1)Create more demand in the short term for oil as the fund establishes its position
2)If it issues options, it'll be just like trading oil future options, so you could do that in an Investopedia account

.
3)It offers the opportunity to trade oil unleveraged.
DBC is the other commodities ETF, that is ACTIVELY managed, which means it can go broke

. It's like 40% oil if I'm not mistaken.