Teucrium WTI Crude Oil ETF (CRUD) - NYSEARCA
CRUD is defunct since December 18, 2014. Lack of AUM
  • Jun. 14, 2012, 11:13 AM
    Starting up new capacity at a refinery sometimes leads to shutdowns, but early reports of the severity of the mechanical failure at the huge Motiva refinery (RDS.A, RDS.B) indicate the breakdown might be especially burdensome, taking months to repair. Several refinery stocks rise: WNR +3.3%, VLO +1.7%, COP +0.4%, TSO +0.3%.
    | Jun. 14, 2012, 11:13 AM | 7 Comments
  • Jun. 14, 2012, 3:28 AM

    Oil rises modestly from an 8-month low ahead of an OPEC meeting today where members will likely maintain their output ceiling, despite some sharply divergent views expressed in recent days. Crude futures +0.2% to $82.77.

    | Jun. 14, 2012, 3:28 AM
  • Jun. 13, 2012, 8:46 AM

    The global oil market looks "better supplied" than earlier this year thanks to a ramp up in OPEC production, but not oversupplied given the potential impact of sanctions on Iranian oil that raise the risk of a tighter market from the summer onward, the IEA says. Iran could be forced in the next month or two to start shutting in 500K-700K bbl/day of its oil production, IEA's David Fyfe says.

    | Jun. 13, 2012, 8:46 AM | 1 Comment
  • Jun. 13, 2012, 4:40 AM

    The eurozone crisis helped oil prices shave off around 20% from their 2012 highs as the supply/demand ratio narrowed, according to the latest IEA report. The slump accelerated in May, with downward pressure also stemming from a slowdown in China and excess supply from some big producers. Crude futures +0.1% to $83.42.

    | Jun. 13, 2012, 4:40 AM | 1 Comment
  • Jun. 12, 2012, 4:42 PM
    Oil doesn’t belong at $83 and won’t stay there for long, MBF's Mark Fisher believes: “Either it goes back to $100 or it drops to $65, but we’re not staying here." Oil's decline largely has been orchestrated by Saudi Arabia, he says, adding that "historically, the first move oil makes out of the OPEC [meeting] is the wrong move"; the bigger move will be in the other direction.
    | Jun. 12, 2012, 4:42 PM | 5 Comments
  • Jun. 12, 2012, 8:27 AM

    With OPEC is already pumping oil at levels not seen since 2008, Saudi Arabia Oil Minister Ali Naimi says his country won't ask OPEC to increase production at this week's meeting, apparently contradicting his remarks yesterday.

    | Jun. 12, 2012, 8:27 AM | 1 Comment
  • Jun. 12, 2012, 8:11 AM

    Sinopec (SNP) has turned down offers of bargain Iranian crude and will cut imports by up to a fifth this year, Reuters reports, as China sees ties with the U.S. as more important than cut-price oil as the West squeezes Iran over its nuclear program. With just 20 days to go until sanctions effectively cut off tanker insurance, Asian buyers of Iranian crude are still scrambling for ways to keep the oil flowing.

    | Jun. 12, 2012, 8:11 AM
  • Jun. 11, 2012, 3:06 PM
    The U.S. exempts 7 countries - India, South Korea, Malaysia, South Africa, Sri Lanka, Turkey, and Taiwan - from sanctions for buying Iranian oil, according to congressional aides. So who's left that imports oil from Iran? Needless to say, the move should help ease any supply worries. Crude -2.1% to $82.38.
    | Jun. 11, 2012, 3:06 PM | 6 Comments
  • Jun. 8, 2012, 3:02 AM
    Crude futures tumble 2.3% to $82.86. Natural gas (-0.9%) and gasoline (-1.3%) aren't looking too hot either. Disappointment from lack of Fed easing hints? Concerns over upcoming China data? Or just a general bearish sell-off?
    | Jun. 8, 2012, 3:02 AM | 4 Comments
  • Jun. 6, 2012, 4:46 PM

    Saudi Arabia signals it's ready to rein in oil production after starting to scale back shipments and raising the selling price to Asia of its main crude grade. The Saudis have been pumping more than 9.5M bbl/day since June 2011, the longest stretch for at least 11 years, but having achieved their $100/bbl Brent target they'll need to defend it, analysts say.

    | Jun. 6, 2012, 4:46 PM | 2 Comments
  • Jun. 1, 2012, 11:33 AM

    As Brent crude oil dips below $100/bbl - as low as $97.70 intraday - analysts and brokers say the price could fall up to another $25/bbl in the next few weeks if the sour sentiment in broader markets continues. The oil futures market is already oversold, but speculators actively withdrawing bets on higher prices are adding momentum to the fall, Saxo Bank's Ole Hansen says.

    | Jun. 1, 2012, 11:33 AM | 2 Comments
  • Jun. 1, 2012, 7:44 AM

    If things continue as is, we may find out this summer if oil  sub-$75/barrel is better for the U.S. economy than DJIA 12K. WTI crude falls another 2.5%, now at $84.42, down $22/barrel in a month and a day and the lowest price since mid-October. One wonders how much longer the Fed will allow the experiment to run.

    | Jun. 1, 2012, 7:44 AM | 9 Comments
  • May 31, 2012, 11:34 AM

    As WTI crude continues its protracted descent, now -1.4% to $86.55/bbl, oil is now officially in bear territory, BMO's Sal Guatieri says. Deutsche Bank also joins the sliding sentiment, as "physical fundamentals are also weakening with crude oil inventories on the rise." How low can oil go? "Following the 2008 credit crisis and global downturn, it bottomed at $31,” Guatieri recalls.

    | May 31, 2012, 11:34 AM | 12 Comments
  • May 30, 2012, 11:22 AM

    Crude oil will fall below $80 in June, with tropical storms and hurricanes the only potential catalysts that could send prices higher, ValuEngine.com's Richard Suttmeier says. If he's right, $79 crude would not only mark a seven-month low but also complete a 30% plunge from February's $110 top.

    | May 30, 2012, 11:22 AM | 2 Comments
  • May 29, 2012, 3:12 PM

    Equity markets are discounting oil prices as low as $70/bbl, which has sent share prices of some E&P companies well below the net asset value of their oil reserves. But Will Riley says this "valuation gap" has created opportunities for investors; the consensus is that oil prices will trend higher in the long run, and there are lots of "good stories" in east Africa's exploration potential.

    | May 29, 2012, 3:12 PM | 1 Comment
  • May 24, 2012, 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.

    | May 24, 2012, 9:43 AM | 3 Comments
CRUD Description
The Teucrium WTI Crude Oil Fund (NYSE: CRUD) will provide investors unleveraged direct exposure to crude oil without the need for a futures account. The Teucrium WTI Crude Oil Fund was also designed to reduce the effects of contango and backwardation. CRUD, as a result of the diversified futures structure, was specifically designed to reduce the cost of rolling the investment when compared to funds that hold only a single month.
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