| Previous Close | 52.34 |
| Open | 52.37 |
| Bid | 45.86 x 900 |
| Ask | 55.31 x 1300 |
| Day's Range | 52.23 - 52.36 |
| 52 Week Range | 49.91 - 54.14 |
| Volume | |
| Avg. Volume | 61,882 |
| Net Assets | 569.25M |
| NAV | 52.33 |
| PE Ratio (TTM) | N/A |
| Yield | 2.17% |
| YTD Daily Total Return | 1.34% |
| Beta (5Y Monthly) | 0.95 |
| Expense Ratio (net) | 0.25% |
| Inception Date | 2007-10-04 |
U.S. crude oil stockpiles fell by 10.6 million barrels last week, according to a government report on Wednesday that showed a third straight week of such inventory declines as refiners maxed out fuel processing to prepare for this year’s last hurrah in summer travel. The upcoming Labor Day on Sept 4 unofficially brings to a close U.S. road trips for this summer and the Energy Information Administration, or EIA, said in its Weekly Petroleum Status Report that refiners maintained an extraordinarily high 93.3% run rate on their capacity for the week ended Aug. 25. Exports of U.S. crude also remained solidly within the 4.0-5.0 million barrel-per-day mark as American energy firms found more demand overseas amid a supply vacuum and underserved buyers caused by Saudi and Russian production cuts, the weekly EIA report showed.
Crude prices rose more than 1% Tuesday for their first meaningful rally in two weeks as Hurricane Idalia threatened to strike at the heart of oil production and power generation in the U.S. Gulf of Mexico. Idalia skirted past its originally-thought destination Cuba and headed towards Florida's Gulf Coast, where it was expected to slam ashore on Wednesday, disrupting crude output and causing electricity outages. New York-traded West Texas Intermediate, or WTI, crude settled up $1.06, or 1.3%, at $81.16.
A six million barrel weekly draw in U.S. crude stockpiles no longer seems to do it for the bulls. The most-active October contract on the New York Mercantile Exchange settled Wednesday’s trade down 75 cents, or almost 1%, at $78.92 per barrel — below the key $80 mark. The U.S. crude benchmark is down some 2.3% week-to-date, after shedding an identical percentage last week following a seven-week rally that left WTI up nearly 20%.