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MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD)

NYSE
Currency in USD
14.80
+0.90(+6.47%)
Closed

OILD Comments

"U.S. bill pressuring OPEC+ after oil production cut gains momentum" https://www.investing.com/news/commodities-news/republican-us-senator-seeks-to-put-bill-pressuring-opec-onto-defense-bill-2906780
WTI Trading Range $76-$88/BBL Oct/Nov '22. Heading Down before Up
At the President’s direction, the Department of Energy will deliver another 10 million barrels from the Strategic Petroleum Reserve to the market next month, continuing the historic releases the President ordered in March. The President will continue to direct SPR releases as appropriate to protect American consumers and promote energy security, and he is directing the Secretary of Energy to explore any additional responsible actions to continue increasing domestic production in the immediate term.The President is also calling on U.S. energy companies to keep bringing pump prices down by closing the historically large gap between wholesale and retail gas prices — so that American consumers are paying less at the pump.
is this ETF for long poistion of crude or just to take if the crude prices go down this will be in bull run
is this ETF for long poistion of crude or just to take if the crude prices go down this will be in bull run
is this ETF for long poistion of crude or just to take if the crude prices go down this will be in bull run
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