|Bid||0.00 x 800|
|Ask||26.83 x 800|
|Day's Range||25.34 - 27.07|
|52 Week Range||14.51 - 92.51|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||1.51%|
The push-and-pull of Middle East tensions and slowing global growth is leaving prices for the oil in flux. Declining business sentiment is also feeding into the slowing global growth narrative, but how does all the news affect oil prices in the future? Oil prices tumbled more than 20 percent since the end of April due to fears of global demand as fears of slower growth worldwide are taking hold of the commodity.
Geopolitical oil supply disruptions could continue to feed into higher oil prices, which will benefit bullish bettors. Attacks on two oil tanker ships off the coast of Iran sent oil prices upward as finger pointing between the United States and Iran ensued. U.S. intelligence was quick to identify Iran as the culprit of the attacks.
Given the abrupt changes in oil price and an uncertain outlook, investors should place their bet on oil ETFs cautiously or could take advantage of the quick turn in sentiment with the help of ETFs.
Oil prices have tumbled more than 20 percent since the end of April due to fears of global demand as fears of slower growth worldwide are taking hold of the commodity. It didn’t help that the U.S.-China ...
As the U.S.-China trade war heightens, oil prices are in unison with the volatility in the capital markets. On Tuesday, Brent crude oil prices went above $70 per barrel due to supply cuts led by producer the Organization of Petroleum Exporting Countries (OPEC) in addition to U.S. sanctions on Iran as well as Venezuela. In addition, U.S. West Texas Intermediate (WTI) crude futures headed closer to $60.
Supply cuts by the Organization of Petroleum Exporting Countries (OPEC) have pushed oil prices down, but downward forces from trade wars have also kept them in check. Will continued growth worries keep ...
Last month, oil continued its serendipitous climb following U.S. President Donald Trump ending waivers on companies wishing to purchase Iranian oil without facing stiff sanctions. The companies affected ...
Oil prices retreated recently as traders are eagerly anticipating the release of inventory data. The U.S.-China trade deal standoff has investors fretting as of late, but oil and gas operators have no reason for pessimism despite these trade deal woes. According to a study by L.E.K. Consulting, oil and gas operators are feeling optimistic when it comes to the commodity for the rest of 2019.
US-China trade tensions, crisis in the Middle East and the pain in the emerging market impact leveraged ETF winners and losers of last week.
The U.S.-China trade deal standoff has investors fretting as of late, but oil and gas operators have no reason for pessimism despite these trade deal woes. According to a study by L.E.K. Consulting, oil ...
A surprise fall in U.S. crude stockpiles should've translated into strength for oil prices, but trade war fears continued to roil the markets. Oil fell as much as 1 percent on Thursday as investors continue to sit on their hands waiting for a U.S.-China trade deal. Brent crude oil futures and U.S. West Texas Intermediate (WTI) crude futures both fell 1 percent earlier in the day.
Leveraged and inverse products have given investors access to an investment space that was typically relegated to only high-net worth individuals or institutions. With the transparency and liquidity of ...
Oil climbed on Monday following U.S. President Donald Trump ending waivers on companies wishing to purchase Iranian oil without facing stiff sanctions. The price of Brent crude went up by 2.77 percent ...
Platinum prices surged to 10-month highs after investors turned their attention to the precious metal as an alternative to the seemingly overbought palladium. Chinese equities enjoyed sizeable inflows as government stimulus and trade optimism acted as catalysts to a comeback of economic growth. Crude oil’s remarkable 2019 run spurred interest in leveraged bets while Europe’s common currency is confined by ECB’s dovish approach. Check our previous trends edition at Trending: Palladium Continues Record Run as Supply Worries Intensify.
Global investment bank RBC Capital Markets is expecting more increases in oil prices, going as far as saying that crude could reach the $80 price level this summer. Overall, RBC Capital Markets is forecasting ...
As the first quarter of 2019 draws to a close, leveraged exchange-traded fund (ETF) traders have seen oil and technology take the top spots for year-to-date gainers. 2019 started off strong for U.S. equities–the ...
Leveraged exchange-traded oil funds are having an exceptional year on the back of rising oil prices, but these risky investments could be a big upset if and when oil trends downward.
WALNUT CREEK, Calif. , March 14, 2019 /PRNewswire/ -- USCF today announced the availability of options trading on the United States 3x Oil Fund (NYSE Arca: USOU) and the United States 3x Short Oil Fund ...
Many investors have turned bullish on oil and are seeking to tap this opportunity. For them, a leveraged play on the commodity could be an excellent idea.
One of the most frustrating things about the mainstream financial media is the steadfast, seemingly never ending refusal to learn how derivative markets work. Commentators yammer on about the "volatility index" or "the fear gauge," the VIX, without understanding the difference between implied volatility of options contracts and the actual volatility -- or amplitude if you will -- of the underlying securities.
After some back-and-forth with TheStreet founder Jim Cramer about his "oil is crashing, it's going to $40/barrel call" in early-November, I can't describe Tuesday's 8% plunge as anything but a crash. The Federal Reserve's Federal Open Market Committee will conclude its two-day meeting Wednesday and issue a statement at 2 p.m. So as the oil pits are closing Wednesday Fed Chair Jerome Powell will be in the middle of his all-important post-statement press conference. Very few oil futures contracts (I believe the number is much lower than 10%) live to see physical settlement at the Cushing, Okla., hub, so don't be confused.
Amid the renewed optimism, many investors have turned bullish on the energy sector and are seeking to tap this opportunity. For them, a leveraged play on energy or oil could be an excellent idea.
Although commodities might lack the luster and hype of the stock and bond markets, they nonetheless performed impressively throughout most of 2018. Indeed, ETF.com reports that strong performance in energy names led commodities to their highest level since 2014, as of earlier this fall. With a rally going on for more than two years, commodities quietly rose to strong levels of performance.
Thus far in 2018, adding higher oil prices to leveraged exchange-traded products (ETPs) has created a combination of combustible profits for traders. As such, leveraged oil plays have had bullish traders gushing as oil prices continued their ascent on the latest supply data from the U.S. Energy Department.
Indications that oil supply could be tightening have continued to send oil prices on their upward trajectory, which have benefitted leveraged exchanged-traded products tied to the commodity's price. Currently, the price of WTI Crude stands at $72 and Brent Crude at just under $82, but the idea of $100 oil prices have already entered into the realm of possibilities by the end of this year. Earlier this week, U.S. President Donald Trump prodded the Organization of the Petroleum Exporting Countries (OPEC) to ramp up production levels in order to temper oil prices ahead of mid-term Congressional elections.