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WisdomTree WTI Crude Oil (CRUD)

Paris
Symbol
Exchange
Currency
CRUDLondonUSD
CRUDNMexicoMXN
CRUDMilanEUR
OD7FXetraEUR
CRUDParisEUR
1690TokyoJPY
Currency in EUR
9.37
+0.19(+2.07%)
Closed

CRUD Comments

i do not know !!!!!!! in basso market oil this is falling.m. then the price of oil climbs... and this etf follows slowly...
This etf is composed by 3 successive future contracts (and based on a bloomberg etf). The third of the portofolio is rolled between the 6th and the 10th each month. Don’t expect it to exactly stick with variations of the wti, but it is closely correlated. You should also keep in mind that this etf is UK based, so the picks of nycse won’t necessarily show. It suffers alot from the cantagos
Can someone explain me how this ETC work?
2019 dec  44.5$=6.66 crude wti 2021 mar 68$ = 5.95 crude wti ??? 😭
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It is rollover cost effects
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And also the product structure. You should be adviced that all Products ETC are not reflect a single maturity and is a mix of 2-4 ones. So it is not ok to compare WTI price with ETC price
Can anyone justify this really low price?
How can it be explained : 04/28/2020 :-    - EUR/USD : 1,082$    - Bloomberg WTI Crude Oil : 39,38 $    - Wisdow Tree WTI : 1,75 € 01/11/2021:    - EUR/USD : 1,215 $    - Bloomberg WTI Crude Oil : 100,93 $    - Wisdow Tree WTI : 3,79 € Is there any justification for this ? Despite the fact that the dollar has fallen, how can the index almost triple and the ETF barely more than doubles?
Mdonatroya
I think that we are in bears...!!
Why this f.. etc is not going up gd??!!!
Why should it?
now the multiplier is about 11.3. will it be lower? Or just not increasing? So crazy that this ETF is instantly increasimg that number for its bigger and bigger profit. 3 months ago it was 7.5. One amd half month ago it was 6.7. Any idea?
 I couldn't find where I can see the percentages of the continuous months in this Bloomberg WTI portfolio
Contango is the the most likely explanation
the index has changed in july they have a new index
Crazy product. No transparency. I have no idea what future we are holding. I bought in with WTI at 22 at a price of 3.2...we've been through *******(-38$) and now we are back with WTI at 31$ and we are still far below the 3.2. Completely randomic dynamics, I will never trade this anymore if I cannot have any control over my strategy
 This ETF (and many other oil ETFs) lose value due to contango (google about what it is). The stronger the contango is, the more value is lost in short term. These days, contango is quite significant. So to your question - when the oil move back to original value, this ETF also will rise, but not as much due to the lost value.
Jan Pribyslavsky Jun over july seem on backwardation...
 Ok, sorry. Not watching this very often.
are we not expecting a pullback soon after this weekly gain ?
I never trade in this, is this best time to invest for long term like for few month?
CRUD follows Bloomberg WTI Crude Oil TR Index (BCOMCLTR). The Index is based on a specific methodology and rolls from current to subsequent contracts during the roll period, which typically falls within the 6th-10th business day of each month.
now next is in August to NOV20 futures
It looks like the positions underlying this ETF are now closed each day at milan market closing time. Prices of oil increased between closing Milan market yesterday and this morning (not just the future maturying in June but all the tenors of the curve) and the ETF price has not increased. If what I say is true this ETF is useless. I hope I am wrong
 , I don't blame them if they are now investing in longer maturying futures right now. Even the biggest oil ETF, USO, is doing so as it is too risky investing in the shortest maturying futures. Current levels are low for all the curve, July is at 18.7USD, Dec2020 is at 27.6USD now. So if the prices raise, the all curve will raise. The problem instead is if they close the positions at the end of each day. It means that if prices go up at MIlan market closing hours, the ETF won't get any increase in price.
 Exactly, that's totally fine. However there is no real information on what futures they're holding right? yes and that's not the only issue with closing the position each day... do you know if it's true tho?
it is supposed to follow Bloomberg WTI Crude Oil TR which is following Sept20 futures now and will switch to Nov20 between 6 and 10 if August
Is this etf a good option for a long term investment ? Is there any etf like this but with 2x or 3x leverage ?
I would not go with leveraged with current fluctuation and instability. It will go away, but meanwhile you can't exactly predict the trend of this feature going negative, contango and how long is gonna take to rebound
And without leverage, would it be a good option for a 6/12 month investment?
I think 1 - 3 years, 6 months might be too optimistic
why decrease only 2% while the WTI decrease is 18% ?
It follows the BCOMCL index, not WTI prices directly
Can this ETF go negative?
It can't go negative. If things go the wrong way it can get reverse splits and get delisted eventually. That would be quite extreme case for this one as it is not leveraged and may recover once oil prices start rising. But I would not invest any money that I can't afford to lose right now. This ETF (as any other oil ETF) suffers from strong contango these days and that is taking lot of value out of it.
Clear Jan, thanks! I looked at Contango, need to understand as much as possible best entry point here. But I wouldn't use any leverage at all in my case.
Still holding anyone?
I am thinking to get in, actually
Can this stuff go negative?
Dont. You will lose money. You need to understand it very well to speculate for a shirt term rise. This is not for long term and eventually is not the moment for a short term either. Will continue to go down as futures will keep falling.
In a very volatile market like now it's a bad idea to use this product
Thanks Jan, if one wants to assume a long position from a 6 months time horizon, what products are best suited at this present condition. Cheers.
Any colour on this ETF from a 3-6 months holding period - Is it advisable to go long now ? Thank you.
Hi, I would not. This ETF will continue to go down as futures will keep falling due to the situation. The Oil will start rising little by little but this ETS will be affected by huge supercontangos , so it will start rising little by little in a long time.I dont think is worth a long term.
what happens when a rollover takes place in the fund? does the investor lose money by this movement?
no.
yes it will loose money since their futere contracts are worth less for that month
what happens when a rollover takes place in the fund? does the investor lose money by this movement?
why it is not updated? it does not reflect the real time data, any info from somebody on that?
It says real time data here. What do you mean by saying it does not reflect it?
 I think delayed behind underlying Bloomberg WTI Crude Oil TR and crude oil price changes.
we pay some swap or interest if we hold share of this etp?
no. i hold it after a swap, the paper value changes but no swap fees or such.
Its reflected in the value of the Etf
What is behind this product¿ avg of futures in the next months
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