News Formal

Top U.S. oil ETF plans to diversify investment in later-dated oil contracts

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The United States Oil Fund LP, the largest oil-focused exchange-traded product (ETP) in the country, may begin investing in oil futures contracts expiring in several months, rather than just the front-month and second-month contract, it said in a filing https://bit.ly/2XWrj3L%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B on Wednesday.

FILE PHOTO: Natural gas flares are seen at an oil pump site outside of Williston, North Dakota March 11, 2013. REUTERS/Shannon Stapleton/File Photo

U.S. crude markets have been roiled by oversupply and dwindling demand in the wake of diminished economic activity due to the global coronavirus outbreak. Crude storage has grown scarce as a result. Nearer-term contracts are trading at sharply lower prices than later-dated ones, a departure from the norm.

USO was last trading 10.0% lower at $2.53 despite front-month U.S. crude futures’ settling 19.1% higher, at $13.78 a barrel. The fund traded at a steep premium to its net asset value on Tuesday after it suspended the creation of new shares.

 

コメントありがとうございます。コメントは審査後に公開されます。

Why dont you shove your oil where the sun dont shine. Back in the ground and one other place you dirty people.

Your mom

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 2. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

What plunging crude prices mean for the market's largest oil ETFTwo ETF analysts break down the action in the United States Oil Fund (USO), which has seen outsized trading volumes in recent days. ETFEdgeCNBC What Say You? PetroDollar: Oil Brent WTI $WTIC $OIL $CL_F OOTT
ソース: CNBC - 🏆 12. / 72 続きを読む »