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Macro Alerts
Oil Prices Slip Ahead of OPEC Report
14 Sep 2015
Viktor Nossek , Director of Research


  • Oil prices continued to slide as investors eye the release of OPEC’s latest monthly report later today. Further volatility is expected with the demand and supply outlook likely to remain unchanged.
  • Since the rally in late August, sentiment towards WTI crude oil has been bearish with prices having fallen by 9.4% this month. Boost geared short ETPs tracking WTI crude oil returned 26.8% over the same period (as of 11/09/2015, see chart).
  • Boost ETP, A WisdomTree Company, saw significant creations in oil ETPs of $26m last week, with month-to-date creations totaling $52m. This suggests that at times of heightened volatility, investors are trading crude oil using S&L ETPs to hedge their long exposures or to position opportunistically.
  • Trading volume for all seven of our Boost oil ETPs has reached over $220m for the month so far. Notional AUM has also been heavily skewed towards geared long positions at over $463m.

Oil alert 1409

Investors sharing this sentiment can review following Boost ETPs:

All data is sourced from WisdomTree Europe and Bloomberg, unless otherwise stated.

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Disclaimer

Macro Alerts, Commodities, Short & Leverage


This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and nonproprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, its officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.

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