iPath Pure Beta Crude Oil ETN (OIL)
iPath Pure Beta Crude Oil ETN operates in the Asset Management - Global industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $28.42, up 0.96% on the session, giving a market capitalisation of $53.1M. Its beta of 1.34 implies it has historically moved more than the broad market.
This index, called the Barclays WTI Crude Oil Pure Beta Total Return Index, seeks to mirror the potential gains from a straightforward, unleveraged investment in crude oil futures. It has the ability to switch into various futures contracts with differing maturity dates, with these selections made according to the Barclays Pure Beta Series 2 Methodology.
iPath Pure Beta Crude Oil ETN is most often compared with the following Financial Services names: