In a shocking turn of events, VelocityShares has responded to trader outrage over its closure of two popular triple leveraged oil ETNs by essentially re-launching them under slightly different tickers.
Category: NYSE:UWTI
UWTI And DWTI Will Be Delisted Today, Here’s What You Need To Know
Two highly popular triple leveraged oil ETPs will be delisted today, perhaps marking the beginning of the end for a whole slew of similar products that have drawn criticism from regulators.
A New Triple Leveraged Oil ETF Is Coming Soon
Many traders were understandably disappointed when Credit Suisse unexpectedly announced they would shutter their two triple leveraged oil funds next month, but another issuer is wasting no time in stepping up to provide an alternative.
Leveraged Oil Plays Explode Higher As OPEC Deal Appears Imminent
Leveraged bull oil ETFs surged in early trading Wednesday as headlines around the world indicated that OPEC oil ministers are unanimously in favor of a production cut.
Two Popular Leveraged Oil ETFs Are Shutting Down Next Month
Traders looking to place high-stakes bets on oil prices will have two less tools are their disposal next month, when two popular VelocityShares ETNs are delisted.
OPEC Cut In Question As October Production Surges
Oil prices were plunging once again on Friday morning, as news of much higher OPEC oil production in October cast doubts over the prospects of a coordinated production cut this month.
Bullish Crude Technicals Put Focus on Leveraged Oil ETFs
With WTI crude oil futures surging past the key $50 per barrel level this morning, traders are piling into leveraged bullish oil bets on the ETF side of the markets.
Here’s Why Oil Could Still Disappoint, Regardless of OPEC Deal
Analyst JR Crooks, III delves into OPEC’s recent production limit, and what it actually means for energy investors.
A Deeper Look at the Red-Hot Crude Oil ETF Space
It is hard not to notice the phenomenal up move that crude oil futures have had in the past 36 hours, with the largest tracker, USO, rallying nearly 9% since yesterday.
Can Leveraged Oil ETFs Continue Post-OPEC Gains?
Yesterday was a banner day for leveraged bull oil funds, which posted massive gains amid news of an impending OPEC production limit. Can these ETFs continue to rise, or will the gains once again prove fleeting?
Leveraged Oil Fund Surges Up to 18% as OPEC Agrees to Limit Production
The VelocityShares 3x Long Crude Oil ETN (NYSE:UWTI) shot higher this afternoon on strong trading volume, after oil cartel OPEC reportedly agreed to limit crude oil production.
Oil ETFs are Plunging Again Today, as Crude Prices Retreat
The United States Oil Fund LP ETF (NYSE:USO) is falling another nearly 2% this morning, as crude oil prices continue their now two-week pullback.
Here’s Why the UWTI is Hitting Weekly Lows Today
The VelocityShares 3x Long Crude Oil ETN (NYSE:UWTI) had bounced strongly off its recent lows amid an oil price recovery, but today the triple leveraged bull play is hitting weekly lows.
How Much Money Have Millennials Lost in Leveraged Oil Trades?
According to recent TD Ameritrade data compiled by Bloomberg, the world’s youngest age cohort has been pouring money into a leveraged oil ETN — right into the teeth of a massive oil price decline.
Playing The Oil Trend With UWTI
NYSEARCA:USO, NYSEARCA:OIL, NYSEARCA:UWTI, NYSEARCA:DWTI, NYSEARCA:UCO