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OILD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    12.874$
  • Previous Close
    12.5586$
  • 52 Week Change
    --
  • Day Range
    0.32$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

OILD.US represents the ProShares UltraShort Bloomberg Crude Oil ETF. It's a leveraged exchange-traded fund (ETF) designed to deliver twice the inverse (opposite) of the daily performance of the Bloomberg WTI Crude Oil Subindex. As a leveraged product, OILD.US is typically used for short-term trading strategies aiming to profit from a decline in crude oil prices. Due to its leverage and daily reset, its performance can deviate significantly from the underlying index's performance over longer periods, and it's not intended for buy-and-hold investors.
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Factors

OILD.US tracks the daily performance of crude oil. Crude Oil Prices: OILD.US's price is directly impacted by fluctuations in West Texas Intermediate (WTI) crude oil prices.

Rolling Costs: OILD.US uses futures contracts. The cost of rolling these contracts can erode returns if futures prices are higher in later months (contango).

Market Sentiment: Overall market optimism or pessimism towards oil demand and supply can influence OILD.US.

Geopolitical Events: Unexpected events like wars, sanctions, or political instability in oil-producing regions greatly affect prices.

Economic Data: Economic indicators like GDP growth, inflation, and employment figures influence oil demand, impacting OILD.US.

Inventory Levels: Changes in crude oil inventory levels reported by the EIA impact prices.

Dollar Strength: A stronger dollar can make oil more expensive for foreign buyers, potentially lowering prices.

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