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Teucrium WTI Crude Oil ETF (CRUD)

- NYSEARCA
CRUD is defunct since December 18, 2014. Lack of AUM
  • Nov. 8, 2013, 3:45 AM
    • Iran and the P5+1 world powers are close to an agreement in which the Persian nation would halt the most advanced elements of its nuclear program, including the production of weapons-grade fuel, in return for a limited easing of the sanctions that have badly hurt its economy.
    • The deal, which could be announced today, won't at this stage include a lowering of banking and oil sanctions, although the international negotiators could allow Iran to access $50B in crude export revenue that has been frozen in European and Asian banks.
    • Israel is opposed to the agreement, as are some U.S. legislators, with a Senate committee continuing to prepare a set of tough new sanctions despite the progress of talks.
    • WTI is flat at $94.24 a barrel, while Brent is also little changed at $103.46.
    • ETFs: JJE, RJN, DBE, UBN, RGRE, OIL, USO, DBO, OLO, USL, CRUD, UCO, DTO, SCO, SZO, DNO, UWTI, DWTI, BNO, UOIL, DOIL.
    | Nov. 8, 2013, 3:45 AM | 3 Comments
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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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