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LOIL

LSE
8.99875 USD
0.3213
3.45%
Last update Jun 4, 4:15 PM BST
Market closed
Day range
8.99532
9.35250
Previous close
9.32000
Open
9.20250
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WT WTI Crude 2X Daily Leveraged Fund
9.00
0.32
3.45%

Overview

Description

The WT WTI Crude 2X Daily Leveraged Fund is an exchange-traded product designed to replicate twice the daily performance of the West Texas Intermediate (WTI) crude oil market. This fund operates as a leveraged product, aiming to amplify potential daily returns for investors with a pronounced exposure to crude oil price movements. It serves as a tactical tool for traders seeking to capitalize on short-term price fluctuations in the oil market, given its orientation towards providing double the daily return exposure. Holding such a fund is typically suited for short-term strategy execution due to the daily resetting nature of leverage, which might introduce compounding effects over a more extended period. This fund plays a significant role in the commodities market, particularly for those interested in energy sector investments or for hedgers facing fuel price risks. By utilizing futures contracts and financial derivatives, the fund facilitates enhanced oil market participation, offering high liquidity and a framework for dynamic asset management within the energy commodities domain.

About

Address
Phone
+44 20 7355 9810
Website
Instrument type
ETF
Country
United Kingdom
MIC code
XLON
Market closed

Exchange is currently closed
Pre-market opens in 13 hours 17 minutes

17:57
00:00
08:00
16:30
23:59

Trading Hours (Monday - Friday):

Pre-market
07:15 - 08:00
Main market
08:00 - 16:30
Post-market
16:30 - 17:15
All times are displayed in the Europe/London timezone (BST, UTC+01:00).