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The United States Oil Fund is an exchange-traded fund (ETF) that attempts to track the price of West Texas Intermediate (WTI) Light Sweet Crude Oil. [1] [2] It is distinguished from an exchange-traded note (ETN) since it represents an ownership claim on underlying securities that the fund has packaged. [3]
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
For example, when oil prices crashed in 2020, the Vanguard Energy ETF suffered a staggering 74.2% drawdown -- mainly due to steep declines in E&Ps. A drawdown is the percentage decline from a peak ...
Oil prices have been in decent shape lately. Though the news of continuation of China's zero-Covid policy cast a pall over oil prices on Monday, it is likely to be a short-term drag.
This is a table of notable American exchange-traded funds, or ETFs. As of 2020, the number of exchange-traded funds worldwide was over 7,600, [ 1 ] representing about 7.74 trillion U.S. dollars in assets. [ 2 ]
Take a look at some ETFs that can benefit from the latest rally in oil prices following the EU's agreement to ban 90% of Russian crude by 2022 end. Take a look at some ETFs that can benefit from ...
United States Commodity Funds LLC (USCF) is a US company based in Oakland, CA, specializing in managing exchange-traded commodity funds, which are often referred to as commodity-based exchange-traded funds (ETFs). [1] USCF was one of the earliest issuers of exchange-traded commodity funds in the United States.
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