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Bears Target A Familiar Energy ETF
Monday, July 24, 2017 - 8:16am | 519Hopes of a legitimate rebound in oil prices and the related exchange-traded funds were dealt a blow last week when the United States Oil Fund (NYSE: USO), which tracks West Texas Intermediate futures, slid 2.6 percent. Slumping crude prices often pressure some equity-based ETFs, including the...
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Some Predictable Catalysts For Oil, By Way Of Fed's Rising Interest Rates
Friday, June 16, 2017 - 7:43am | 485The United States Oil Fund (NYSE: USO) is down nearly 2.7 percent over the past week, bringing the heavily traded oil exchange-traded product's year-to-date loss to nearly 22 percent. Those data points, among others, highlight oil's status as one of 2017's worst-performing commodities....
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MLP ETFs: A Lot Less Bad Than Oil
Tuesday, May 30, 2017 - 8:41am | 527Even with the benefit of a recent bounce, the United States Oil Fund LP (ETF) (NYSE: USO), which tracks West Texas Intermediate futures, is lower 12.3 percent year-to-date. That underscores the point that oil is one of this year's worst-performing commodities, but not all energy-related...
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Oil ETFs And OPEC Meet Again
Friday, May 26, 2017 - 7:33am | 569The United States Oil Fund (NYSE: USO) plunged 5.3 percent Thursday, bringing its year-to-date decline to 14.3 percent. USO, the most heavily traded oil exchange-traded product in the U.S., is now almost 20 percent below its 52-week high, putting it dangerously close to officially being in a bear...
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An Oil ETF Looking For More Of The Same In 2017
Thursday, December 29, 2016 - 8:38am | 522The energy sector has risen from the ashes in 2016. After being one of the worst-performing groups in each of the past two years, energy, the S&P 500's seventh-largest sector weight, is one of the best-performing segments in the S&P 500 this year. Just look at the iShares Dow Jones US...
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Oil ETFs Show Muted Reaction To Price Bearish Rig Count Data
Friday, October 21, 2016 - 3:06pm | 387Baker Hughes Incorporated (NYSE: BHI) released its weekly rig count data earlier Friday, showing an increase in U.S. rig count for the week ended October 21. U.S. rig count, including oil and natural gas rigs, totaled 563, up 14 from the week ended October 14, although it represented a 234-drop...
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Dodge The Pesky K-1 With This New Oil ETF
Thursday, September 29, 2016 - 7:39am | 490Exchange-traded products have made commodities investing available to the masses, and that is great. What is not so great? The pesky K-1 tax forms that accompany those investments come tax season. A new exchange-traded fund from ProShares looks to ameliorate that problem, at least for those...
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Slick Oil Investors: Consider This MLP ETF Over Oil Funds
Thursday, August 25, 2016 - 12:20pm | 578Oil prices are rebounding this year, and interest rates are still near historic lows. The combination of those two scenarios is renewing investors' enthusiasm for high-yielding master limited partnerships (MLPs) and the corresponding exchange-traded funds. Getting Slick On Oil Just look at the...
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Oil's Surprising Impact On Sectors, ETFs
Monday, August 22, 2016 - 12:09pm | 621Oil's price action can have predictable influences among some exchange-traded funds. For example, it is arguably of little value at this point to tell investors that Canada and Russia ETFs are highly sensitive to oil prices. Likewise, the argument in favor of consumer stocks and ETFs in a low...
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Short Sellers Lay Into Some Of This ETF's Holdings
Tuesday, June 14, 2016 - 2:32pm | 512The conventional wisdom that rising oil prices often pinch refining equities is holding true this year as the VanEck Vectors Oil Refiners ETF (NYSE: CRAK) is off nearly 5.6 percent. That compares with a year-to-date gain of 11.4 percent for the Energy Select Sector SPDR (ETF) (NYSE: XLE), the...
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It's Going To Be An Interesting Day For Oil Services ETFs
Monday, May 2, 2016 - 7:30am | 548Yes, that is stating the obvious in the wake of news that Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) are calling off a marriage that would have created an oil services behemoth. Speculation has been intensifying for several weeks, if not longer, that the combined...
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Betting On The Brent ETF? Watch These Factors
Tuesday, April 19, 2016 - 12:11pm | 482Among futures-based oil exchange-traded products, the United States Oil Fund LP (ETF) (NYSE: USO) gets the most attention. USO tracks front-month West Texas Intermediate futures, the U.S. benchmark oil contract. USO And BNO However, Brent futures are the global oil benchmark contract. Fortunately,...