Crude markets are strongly bullish across every major fundamental factor.
Supply remains tight while demand is surging which is leading to a shrinking balance.
Roll yield for UWT is strongly positive due to backwardation in both Brent and WTI.
Through delivering a 60% return in 2019, the VelocityShares 3x Long Crude Oil ETN (UWT) proved its merits to shareholders as an instrument able to capture the bullish trend in crude oil. In