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USCL

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1d
1w
1m

Analysis and statistics

  • Open
    74.9643$
  • Previous Close
    74.9643$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

USCL.US represents the United States Copper Index Fund, an exchange-traded fund (ETF) designed to track the performance of an index composed of copper futures contracts. This fund offers investors exposure to the price movements of copper without requiring direct investment in the physical commodity or individual copper mining companies. The fund's performance is directly tied to the fluctuations in copper futures prices, making it a tool for speculating on or hedging against potential price changes in the copper market.
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Factors

Crude Oil Prices: USCL.US tracks the price of West Texas Intermediate (WTI) crude oil. A rise in oil prices typically boosts the ETF's value, while a fall decreases it.

Supply and Demand: Global oil supply and demand dynamics significantly impact crude oil prices, and thus, USCL.US. Factors like production cuts or increased consumption affect the ETF.

Geopolitical Events: Political instability or conflicts in oil-producing regions can disrupt supply and drive up crude oil prices, positively influencing USCL.US.

Economic Indicators: Economic growth typically increases demand for oil, raising prices. Conversely, economic slowdowns can lower oil demand and the ETF's value.

Inventory Levels: US crude oil inventory reports can impact oil prices. Higher-than-expected inventories often lead to price declines, while lower inventories can cause prices to rise.

Currency Fluctuations: The US dollar's strength can affect oil prices. A stronger dollar can make oil more expensive for foreign buyers, potentially lowering prices, and vice versa.

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