Previous Close | 35.76 |
Open | 36.36 |
Bid | 35.26 x 1100 |
Ask | 35.60 x 900 |
Day's Range | 35.17 - 36.43 |
52 Week Range | 20.74 - 37.01 |
Volume | |
Avg. Volume | 2,238,924 |
Net Assets | 678.52M |
NAV | 35.78 |
PE Ratio (TTM) | N/A |
Yield | 0.00% |
YTD Daily Total Return | 17.98% |
Beta (5Y Monthly) | 2.76 |
Expense Ratio (net) | 0.95% |
Inception Date | 2008-11-24 |
Crude prices had first weekly loss in four after the Federal Reserve signaled it might raise interest rates again before the end of the year — and anytime inflation gets out of hand. The downside in oil prices was, however, limited by Russia’s export ban on fuels, which counteracted fears that slowing economies and high interest rates could crimp demand for energy. New York-traded West Texas Intermediate, or WTI, crude for delivery in November settled at $90.03 per barrel, 40 cents, or 0.5%, on the day.
Oil prices swung Thursday, initially rallying on Russia’s fuel export ban before ending lower as a renewed hawkish stance by the Federal Reserve boosted the dollar, weighing on most commodities. New York-traded West Texas Intermediate, or WTI, crude for delivery in November settled at $89.63 per barrel, down 3 cents, or 0.03%, on the day. WTI has to re-enter $90 territory to avoid being pushed to mid-$80 levels, said Sunil Kumar Dixit, chief technical strategist at SKCharting.com.
After the US Federal Reserve's decision to maintain its policy rates between 5.25-5.5%, South Korea's Finance Minister Choo Kyung-ho warned on Thursday that high interest rates could persist longer than anticipated, potentially leading to increased global economic uncertainty. The decision by the US Fed sustains the rate gap between South Korea and the US at up to 2 percentage points, with the Bank of Korea's current base rate standing at 3.5%.