Printed and electronic copies are for personal use. Any unauthorized distribution by fax, email or any other means is prohibited and is in violation of copyright. If you are interested in redistribution, reprints or a subscription, please contact us at subscriptions@indexuniverse.com or 212.579.5833.

  

Bargain Hunters Seek Oil ETCs
Written by IndexUniverse.eu Staff   
Wednesday, 26 November 2008 05:46

 

ETF Securities' weekly funds flow report for the week ending 21 November showed a fourth consecutive weekly inflow into oil-related exchange-traded commodities (ETCs).

Investors see value in oil as a commodity after the sharp declines that have taken place since July.  Brent Oil fell a huge 66 percent in little over four months, from a record high of $147.50 a barrel on July 11 to below $50 a barrel on November 20.

Inflows were reported for ETF Securities' Crude Oil (LSE:CRUD), Brent 1 Month (LSE: OILB), and Leveraged Crude Oil (LSE: LOIL) ETCs.

At the same time last week marked the sixth consecutive week of declining assets for the ETFS Short Crude Oil (LSE: SOIL) ETC, which benefits from declining oil prices.

ETF Securities also reported continuing investor demand for gold ETCs, and a general reduction in the assets devoted to short (inverse) ETCs.

 

 

 

More on this topic (What's this?)
“The One Stock You Must Buy Before Gas Prices Soar” (Stock Gumshoe, 9/10/09)
African Production to Peak in 2013 (Jim Kingsdale's Energy Investmen..., 10/31/08)
Oil Prices Search For a Bottom (Jim Kingsdale's Energy Investmen..., 10/18/08)
Stage Set For The Return To Record-High Oil P… (Real Wealth - Global Wealth Report, 11/13/08)
Read more on Oil at Wikinvest