OIL

iPath S&P GSCI Crude Oil Total Return ETN
CLOSING PRICECHANGE (%)VOLUME
$6.15-0.08 (-1.21%)1.31M
4:00:00 p.m. (ET) 01/13/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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Bats BZX Real-Time Quote

Overall Rating

D

92
as of 01/16/17

Rating Details

56
93
92
Segment Average
  • Overview
  • Efficiency
  • Tradability
  • Fit

OIL Fund Description

The iPath S&P GSCI Crude Oil Total Return ETN tracks an index of a single, front-month WTI crude oil futures contract.

OIL FactSet Analytics Insight

Note: The issuer has suspended creations inOIL uses the most basic method: near-month futures contracts OIL, which can cause the note to trade at substantial premiums at times. Also, OIL is one of a handful of ETNs with path-dependent fees, meaning you could pay significantly higher holding costs than the headline expense ratio implies. Consider OILB, which tracks the same index and avoids these issues.

OIL offers straightforward oil futures exposure in an ETN wrapper. It uses the most basic method for exposure; namely, near-month futures contracts (spot oil is effectively uninvestable). OIL's index rolls expiring contracts into the next-nearest month, a method also used by rival fund USO and our benchmark. The downside of this approach is heightened sensitivity to negative roll yield when WTI oil futures are in contango. Still, this method of exposure is popular with investors. OIL's ETN wrapper means it's backed by Barclays' credit rather than futures and cash as rival commodity pool structures use. OIL investors get 1099s at tax time, not K-1s. OIL has seen significant premiums at times due to suspended creations, and is also prone to major tracking error.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

OIL Top 10 Contracts

OIL Summary Data

08/15/06
Exchange-Traded Note
0.75%
$837.7 M
$16.88 M
0.16%

OIL Portfolio Data

Futures
Front Month
Annually
1

OIL Index Data

S&P GSCI Crude Oil Index
Single Asset
Single Asset
S&P GSCI Crude Oil Index

Related ETFs to OIL

OILX, USO, BNO, OIIL
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

OIL Portfolio Management

0.75%
-7.75%
8.17%
-11.32%

OIL Tax Exposures

20.00% / 39.60%
--
No

OIL Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
ASKS----
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
15:59:576.14100
15:59:576.151,100
15:59:576.15127
15:59:476.15255
15:59:476.15100
15:59:476.15245
15:59:426.15100
15:59:426.15100
15:59:366.15300
15:59:276.15200
Bats BZX Real-time Quote - 23:59:59
Average Spread
Premium/Discount
Volume

OIL FactSet Analytics Block Liquidity

As of 01/16/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of OIL. OIL is rated a 0 out of 5.

OIL Tradability

2,831,798
$16.88 M
2,492,454
$14.83 M
0.16%
$0.01
2.81%
48.85% / -0.74%
Full
100.00%
50,000
49.85
0%
--
137,856
$6.15
0

OIL Performance Statistics

1.00
1.10
1.09
1.11
0.00%