ProShares UltraShort Bloomberg Crude Oil is a fund designed for investors looking to bet against the price of crude oil. By taking short positions and using derivatives like futures contracts, it aims to deliver twice the inverse of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. Launched in 2008 and based in the United States, this fund is a choice for those seeking exposure to the fluctuations of the oil market without directly investing in physical commodities.
WTI crude is hovering near $99.89 a barrel, with the monthly trend down 1.4% even as weekly prices climbed 9.7% on fresh Strait of Hormuz tensions. The recent peak hit $114.58 on…
Pre-Market Stock Futures: Risk-on appeared back, at least for the last two days, as the stock market put together another rally on Wednesday, with hopes for an end to the war in…
With the axiom of “buying low and selling high”, now is the time to buy low! Our economy has excellent fundamentals, as oil production is at record levels, while $18 trillion of…
