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OIL Market Currents
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Thursday 9:43 AM An increasing number of forecasters in Reuters' monthly survey expect Brent crude to average less than $100/bbl next year thanks to Europe’s debt crisis, slowing Chinese economic growth and a possible resolution of the Iranian nuclear crisis. Macroeconomic risk from Europe will need to fade before crude oil market fundamentals dominate pricing again, says one.
3 Comments[Commodities, Energy, Global & FX]
- Tuesday 8:15 AM UN atomic inspectors and Iran reach agreement that will allow the IAEA to inspect suspected nuclear weapons sites, possibly opening the door to a deal to ease sanctions which could push crude oil prices down another $5/bbl or more. Iran's incentive: Its crude shipments are stalled, with ~40M bbls floating around in the Persian Gulf with nowhere to go. [Global & FX, Energy, Commodities]
ETF Stats
- Expense Ratio: 0.75%
- Average Bid Ask Ratio: 0.05%
- Tracking Error: 0.77%
- Concentration Risk: 100.00%
- Capital Gains Dist. %: 0.00%
- Number of Securities: 1
- Dividend Amount:
- Dividend Date:
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OIL in Focus
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OIL Related Articles
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OIL News
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at MarketWatch.com (Nov 30, 2011)
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at MarketWatch.com (Sep 22, 2011)
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at CNBC.com (Jun 23, 2011)
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at MarketWatch.com (Jun 3, 2011)
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at CNBC.com (Apr 19, 2011)
OIL Press Releases and Filings
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Currently, there are no press releases or filings on OIL.
OIL Cramer
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Thu, May 12, 2011
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Mon, Oct 6, 2008
OIL Instablog posts
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OIL vs. ETF Alternatives
OIL Description
The iPath® S&P GSCI® Crude Oil Total Return Index ETN is a sub-index of the S&P GSCI® Commodity Index. The S&P GSCI® Crude Oil Total Return Index reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate (WTI) crude oil futures contract plus the Treasury Bill rate of interest that could be earned on funds committed to the trading of the underlying contracts.
See more details on sponsor's website
See more details on sponsor's website
Country: United States
Key Info
- In Your Portfolio: Energy ETFs, A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities