|Bid||15.70 x 4000|
|Ask||15.87 x 3200|
|Day's Range||15.69 - 15.85|
|52 Week Range||9.50 - 23.85|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-33.27%|
|Beta (5Y Monthly)||1.92|
|Expense Ratio (net)||0.88%|
Oil exchange-traded funds (ETFs) offer direct access to the oil market by tracking the price of oil as a commodity. This approach is different from investing in funds that own a portfolio of oil stocks.
The spread of China's coronavirus has hurt oil prices and benefited inverse oil ETFs.
Oil manufacturers, including Russia and Saudi Arabia, have agreed to reduce oil output by another 500,000 bpd through the first quarter of 2020.