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XDWT

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1d
1w
1m

Analysis and statistics

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About

XDWT.F represents an exchange-traded fund (ETF) tracking the inverse daily performance of WTI crude oil. It's designed to provide the opposite return of the daily performance of WTI crude oil futures. This fund is primarily used by sophisticated investors for short-term trading or hedging strategies and is not suitable for long-term investment due to the effects of compounding on daily returns, which can significantly deviate from the inverse performance of oil over extended periods.
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Factors

Oil Prices: XDWT.F tracks the price of WTI crude oil futures. Fluctuations in oil prices directly impact its value.

Supply and Demand: Global oil supply and demand dynamics influence WTI crude oil futures, and thus XDWT.F's price.

Geopolitical Events: Political instability, conflicts, or policy changes in oil-producing regions can affect oil prices and XDWT.F.

Economic Indicators: Economic growth or recession can alter oil demand, impacting WTI crude oil futures and consequently XDWT.F.

Currency Exchange Rates: Currency fluctuations, especially between the Canadian dollar (where XDWT.F is traded) and the US dollar (WTI priced in USD), can affect the ETF's price.

Interest Rates: Changes in interest rates can impact commodity investments, indirectly influencing oil prices and XDWT.F.

Storage Levels: High oil storage levels can indicate oversupply, potentially lowering prices of WTI and XDWT.F.

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