Are All Indexes Active? A Look at Oil Futures Funds
IndexUniverse
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Tue, Jan 5, 2010
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Weekly Gasoline Update: 7th Week Of Falling PricesDoug Short • Tue, Apr 16 -
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Weekly Gasoline Price Update: Down A Penny Or TwoDoug Short • Tue, Mar 19
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Oil Vs. Gasoline PricesBespoke Investment Group • Mon, Mar 18
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Weekly Gasoline Update: Regular Down A NickelDoug Short • Tue, Mar 12
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Weekly Gasoline Update: Down $0.02Doug Short • Tue, Mar 5
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Weekly Gasoline Update: Prices On The RiseDoug Short • Tue, Jan 29
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There are no Transcripts on OLO.
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at CNBC.com (Feb 23, 2012)
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at CNBC.com (Mar 30, 2011)
OLO vs. ETF Alternatives
OLO Description
All of the PowerShares DB Crude Oil ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index-Oil (the "Index") which is designed to reflect the performance of certain crude oil futures contracts plus the returns from investing in 3 month United States Treasury bills. The Long ETN is based on the Optimum Yield™ version of the Index and the Short and Double Short ETNs are based on the standard version of the Index. The Optimum Yield™ version of the index attempts to minimize the negative effects of contango and maximize the positive effects of backwardation by applying flexible roll rules to pick a new futures contract when a contract expires. The standard version of the index, which does not attempt to minimize the negative effects of contango and maximize the positive effects of backwardation, uses static roll rules that dictate that an expiring futures contract must be replaced with a contract having a pre-defined expiration date.
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Key Info
- In Your Portfolio: A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Monday, April 15, 6:57 AM S&P 500 (SPY) futures -0.5%, Nasdaq 100 (QQQ) -0.4% as the liquidation in precious metals continues. Other sensitive commodities: WTI crude (USO) -2.5% to $88.76, and copper (JJC) -3.4% to $3.23. 6 Comments [On the Move]
- Monday, April 15, 4:49 AM China's GDP miss and disappointing industrial production data are sending global equity markets lower, as well as copper and oil, which is also suffering from the IEA slightly cutting its demand outlook last week. Japan -1.6%, Hong Kong -1.4%, China -1.1%, India +0.6%. EU Stoxx 50 -0.2%, London -1%, Paris -0.8%, Frankfurt -0.8%, Milan -0.2%, Madrid -0.4%. Oil -2.4%, copper -1.5%. 1 Comment [Global & FX, Top Stories, On the Move, Energy]
- Monday, March 4, 11:15 AM WTI crude (USO -1.4%) slips below $90/barrel for the first time this year with a renewed policy hawkishness out of Beijing as good an excuse as any for the last few weeks' slide. Check out the correlation between oil and the China A Share ETF (CAF) since the start of February. Comment! [Commodities, On the Move]
- Thursday, October 4, 2012, 12:11 PM Also of interest regarding oil's big rise today is noted contrarian indicator Dennis Gartman getting bearish on Texas tea after it's fallen $12/barrel in 3 weeks. "The collapse of the Iranian rial and the possibility of regime change have the energy markets in thrall and rallies are to be sold into!" USO +2.5%. 7 Comments [Commodities, On the Move]
- Thursday, October 4, 2012, 11:49 AM Crude oil futures (OIL +2.2%) bounce off yesterday's 4% drop; traders may be betting that prices fell too hard, and Middle East tensions are escalating after Turkey fired on targets in Syria. Oil servicers such as Halliburton (HAL +2.4%) and Schlumberger (SLB +0.8%) are rising, and the move is lifting refiners: TSO +3.5%, VLO +3.3%, MPC +1.3%, WNR +1.3%. Comment! [Energy, Commodities, On the Move]
- Wednesday, October 3, 2012, 10:48 AM After a brief pop higher on EIA data showing an unexpected draw in oil stocks, WTI crude resumes its sharp decline, -2.7% to $89.38/barrel. What inflation worry? The price of crude has now fallen by about $10 since the Fed's QE∞ announcement on September 14. 5 Comments [Commodities, On the Move]
- Friday, September 7, 2012, 10:08 AM We'll ask the question again - has oil topped out? Isaac and the ECB couldn't get oil to extend its rally. Now Beijing and the Fed enter the picture and WTI crude falls 1.3% to $94.33 even as other stimulus-sensitive commodities get lit up bright green. (previous) 2 Comments [Commodities, On the Move]
- Monday, August 27, 2012, 12:39 PM Refiners post strong gains as Gulf Coast refineries shut down with Isaac's approach: Marathon (MPC +1.7%) and Phillips 66 (PSX +0.2%) shut two Louisiana refineries with a combined capacity of 711K bbl/day, while Valero (VLO +5.5%) shuts two with a combined 405K bbl/day capacity; Another factor pushing up prices is an explosion that shut operations at Venezuela's Amuay refinery. 5 Comments [Energy, On the Move]
- Friday, August 10, 2012, 8:04 AM Oil futures are -1.4% after the IEA says in its monthly report that the weak global economy could cap demand for crude, a warning that comes just as disappointing trade data from China strengthens fears about the country's growth. The IEA's report also follows OPEC warning yesterday that a "horizon full of turbulence" could hit demand. 1 Comment [Energy, On the Move]
- Wednesday, August 8, 2012, 11:25 AM It seems like we can have higher stock prices or lower crude oil prices, but we can't have both. Crude continues a 6-week rally, moving to its highest price since spring at $94.24. The gasoline ETF: UGA +14.9% in the last month. Earlier, inventory data showed an unexpected draw on stocks. 6 Comments [Commodities, On the Move]
- Friday, August 3, 2012, 12:06 PM Looking like a peripheral European stock market, oil rockets higher, perhaps heartened by the reassessment of the ECB's plans and better news on the U.S. jobs front. USO +4.7%. Comment! [Commodities, On the Move]
- Wednesday, July 25, 2012, 10:47 AM WTI crude tumbles 1.1% to $87.56 after the EIA reports an unexpected rise in oil inventory and greater-than-expected bumps in product inventories. USO -1.3%. Gasoline ETF: UGA -2.1%. 2 Comments [Commodities, On the Move]
- Thursday, July 19, 2012, 2:52 PM Oil rises for a 7th straight day, jumping 3.1% to $92.69, the highest level since mid-May. Tensions across the Middle East are as good an excuse as any, with Israeli authorities blaming Iran for the deadly bombing of a tour bus in Bulgaria. There's also Syria spiraling downward. Comment! [Commodities, On the Move]
- Thursday, July 5, 2012, 8:15 AM Statoil (STO) prepares to shut down production on the Norwegian continental shelf following a notice of lockout from the Norwegian Oil Industry Association to take effect Monday and be imposed on all members of striking unions. The leader of the SAFE trade union says the unions are prepared to strike for "weeks." Brent crude +2.1% to $101.90. STO -3.7% premarket. 3 Comments [Energy, Commodities, On the Move]
- Monday, July 2, 2012, 10:37 AM Crude oil prices resume losses after a brief spike on headlines that Iranian lawmakers are drafting a bill to propose blocking the Strait of Hormuz for oil tankers. WTI -2.1% to $83.16. Worth noting: There was no spike in volume to match Friday's price surge - blow-out moves typically are associated with a volume spike - and there was no shift in the time structure. 1 Comment [Commodities, On the Move]
- Friday, June 29, 2012, 2:51 PM A massive (9.2% and counting) rally in WTI crude has erased in one day the entirety of June's decline. Talk about due for a bounce - in the 8 weeks prior to today, oil had fallen in nearly a straight line from $106/barrel to $78. Brent crude's (BNO) a slacker, up just 7%. (see also) 8 Comments [Commodities, On the Move]
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jdub2788: Yep, liquidation of debt the only risk, and central banks have shown their hands.
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candlestickpicks
$OLO completed a Break Out candlestick pattern on 01/21/2011. Look for an upward price movement on 01/24/2011 - View all 0 replies
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Jim Van Meerten
OLO - DB Crude Oil Long ETN - 69% Barchart technical buy signal-Trading @ 12.83 which is 6.74% above its 50 day moving average of 12.49 - View all 0 replies
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jdub2788: Yep, liquidation of debt the only risk, and central banks have shown their hands.