OIL
iPath Series B S&P GSCI Crude Oil ETNOIL Fund Description
OIL tracks an index of front-month WTI crude oil futures contracts.
OIL Factset Analytics Insight
OIL offers plain-vanilla oil futures exposure in an ETN wrapper. The note's index tracks front-month futures, rolling expiring contracts into the next-nearest month. This method, also used by our benchmark, offers the closest possible experience to spot oil (which is uninvestable). The major drawback to a front-month strategy is the potential for heavy roll costs, so OIL is a good choice for capturing short-term moves in crude prices, but long-term investors may want to look at other options. OIL's ETN wrapper means it's backed by Barclay's credit, not actual futures as in a commodity pool. Investors will get a 1099 at tax time, not a K-1. OIL replaced an older ETN with the same ticker. The newer, “series B” note tracks the same index, but charges a lower fee and avoids path dependency issues that made its predecessor more expensive to hold over time. It also includes a call provision. The new version traded under the ticker OILB until November 16, 2018.
OIL CHARTS AND PERFORMANCE
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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OIL Summary Data
OIL Portfolio Data
OIL Portfolio Management
OIL Tax Exposures
OIL Fund Structure
OIL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OIL. OIL is rated a 5 out of 5.
OIL Tradability
OIL SECTOR BREAKDOWN
OIL
OIL Tenor Strategy
OILB invests solely in front-month futures contracts. This means that the fund will be particularly sensitive to changes in spot prices, but may be priced higher or lower than spot, sometimes dramatically.
OIL Rolling Strategy
OILB rolls contracts over an annually pre-determined 5 day period each month.
OIL Performance Statistics
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