|Bid||66.12 x 1400|
|Ask||66.14 x 900|
|Day's Range||65.83 - 73.78|
|52 Week Range||35.12 - 73.78|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||72.58%|
|Beta (5Y Monthly)||-4.15|
|Expense Ratio (net)||1.09%|
Due in large part to the panicked selling caused by the spread of the novel coronavirus, also know as COVID-19, oil prices and energy equities are tumbling. For example, the United States Oil Fund (NYSE: ...
Crude oil prices plunged as the coronavirus contagion spread, and many U.S. energy companies struggle to stay afloat in this depressed market, potentially paving the way for inverse or bearish energy-sector ...
After scaling new highs to start the year on the initial U.S.-China trade deal, Wall Street is badly shaken by the fast-spreading coronavirus that has led to fears of a worldwide pandemic.
Guyana sits alongside South America’s North Atlantic coast and this small country, which is just about the same size as the state of Idaho, recently joined the ranks of oil producing nations. “Guyana officially joined the ranks of oil producing nations, after ExxonMobil and its partners began oil production offshore the South American country,” an OilPrice.com report noted.
Oil prices enjoyed one of their best intraday performances in decades following drone strikes on Saudi Arabian oil assets that knocked 5% of the world's daily supply offline. This was good news for traders using bullish leverage oil funds and great news for those that had the foresight and fortitude to hold such products over the weekend.
Wall Street has been witnessing a tough ride this month due to U.S.-China trade conflicts, weak global economic data, low inflation and political unrest in Hong Kong.
Amid bearish fundamentals, many investors have turned bearish on the energy sector and are seeking to tap this opportunity. For them, an inverse or leveraged inverse play on energy or oil could be an excellent idea.
While oil prices are surging, the energy sector is being left behind...sort of. The Energy Select Sector Index (IXETR), a widely followed gauge of large-cap U.S. energy stocks, is up 16.80 percent year-to-date. It also means that the large-cap energy index trailing the United States Oil Fund (NYSE: USO), which tracks front-month West Texas Intermediate futures, by a 2-to-1 margin.