The WTI oil price collapse to almost minus USD40 earlier this week has had a widespread effect but none has suffered as much as the United States Oil Fund LP USO, an ETP that started the week with USD4 billion in assets, that tracks the oil futures markets and gives investors direct access to the oil price.
Latest news from REX Shares, providers of long and short ETNs on a range of key indices, has announced that Bank of Montreal (BMO) has increased the aggregate principal amount of the MicroSectors US Big Oil Index 3x Leveraged Exchange Traded Notes by USD50 million, to a new total of USD75 million.
Ivanova, portfolio manager at Expat Capital, writes on the recent volatility in the oil price…
Despite a lot of bluff and bluster and gnashing of tweets, US President Donald Trump was unable to provoke a spike in OPEC oil supply at OPEC’s Algiers meeting over the weekend, says Richard Robinson, manager of the Ashburton Global Energy Fund…
Gold ETP inflows worth USD54.9 million garnered momentum for the fifth week in a row last week, writes Aneeka Gupta, Associate Director, Research, WisdomTree Europe.
Aneeka Gupta, associate director, equity and commodities research with ETF Securities by WisdomTree, has reviewed last week’s ETF flows and writes that gold can’t seem to find a floor.
Aneeka Gupta, Associate Director, equity and commodities research at ETF Securities by WisdomTree, reports that last week saw gold ETP outflows widen to USD113.9 million, attaining its highest level in eight weeks.
This week saw the 10th anniversary of T Boone Pickens’ Pickens Plan, designed to reshape America’s energy policy. It is also five months since the launch of the Pickens Oil Response Index (PORI) and ETF (BOON). Like the Pickens Plan, BOON acknowledges the importance of the demand-side of energy and incorporates it into its strategy.
In this week’s ETF flows report Aneeka Gupta, Associate Director, Equity & Commodities Research at ETF Securities by WisdomTree, reports that inflows into gold ETPs worth USD73.3 million bounced back reversing the prior two weeks of outflows as bargain hunters appeared to chase lower prices.
Nitesh Shah (pictured), director of research at WisdomTree Europe’s ETF Securities, writes that last week saw oil prices rally close to 6 per cent intraday on Friday after OPEC’s lack of transparency sent markets wondering about what levels of production increases will they will see this year from the group.