USL - United States 12 Month Oil Fund
|Trading Day||April 16|
|Day's Range||22.22 - 22.40|
|52-Week Range||9.50 - 22.90|
The investment seeks to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the average of the prices of specified short-term futures contracts on light, sweet crude oil called the "Benchmark Oil Futures Contracts. The fund invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. The Benchmark Oil Futures Contracts are the futures contracts on light, sweet crude oil as traded on the New York Mercantile Exchange.
|Asset Class |
|Inception Date |
Dec 6, 2007
|Ticker Symbol |
|Index Tracked |
WTI Crude Oil futures at NYMEX
Here we discuss whether it will be prudent to pick oil ETFs now as the oil market strengthens on rising demand amid progress in coronavirus vaccine development.
Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a well...
What Happened: “U.S. stocks are closing in on record highs. But behind the scenes, uneasy investors are keeping their options open,” said Lindsey Bell, chief investment officer for Ally Financial Inc-ow...
Here we discuss whether it will be prudent to pick oil ETFs now as the oil market strengthens on rising demand and well-managed supplies.
Though WTI crude ETF USO may benefit from the recent structural changes, USL and DBO appear as better bets due to their original investment objectives amid the ongoing pain in the oil patch.
The oil market is grappling with dual blows of supply and demand. The coronavirus pandemic is crippling oil demand while dispute within OPEC+ will soon lead to increased output.
Oil prices suffer thanks to the heightening fears of Covid-19 turning into a global pandemic.
The spread of China's coronavirus has hurt oil prices and benefited inverse oil ETFs.
We highlight some ETFs that might get impacted as slowing global economic growth keeps oil prices under pressure.
Oil prices have been slumping due to escalating trade war and crowding US stockpiles.
The shooting down of an Iranian drone by the U.S. Navy has led to a rally in oil prices.
We study the impact of the latest data from the American Petroleum Institute on oil ETFs.