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OIL - Ipath Pure Beta Crude Oil ETN


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Ipath Pure Beta Crude Oil ETN logo

The iPath Pure Beta Crude Oil ETN (OIL) is an exchange-traded note that seeks to provide investors with exposure to crude oil prices. The ETN is designed to track the Barclays Capital Pure Beta TR Index, which is an index that seeks to provide exposure to the price of West Texas Intermediate (WTI) crude oil futures contracts. Here's an extended company report for the iPath Pure Beta Crude Oil ETN:

The iPath Pure Beta Crude Oil ETN was launched in 2008 and is traded on the NYSE Arca under the ticker symbol OIL. The ETN is designed to track the performance of the Barclays Capital Pure Beta TR Index, which is an index that seeks to provide exposure to the price of WTI crude oil futures contracts.

The index uses a rules-based methodology to select and roll over WTI crude oil futures contracts. The index seeks to mitigate the negative impact of contango, which is a market condition where futures contracts with later expiration dates trade at a higher price than contracts with earlier expiration dates. The index does this by rolling over contracts on a monthly basis and selecting contracts with the lowest implied cost of carry.

As an exchange-traded note, the OIL ETN is debt security issued by Barclays Bank PLC. Investors in the ETN are exposed to the credit risk of Barclays Bank PLC. In addition, the ETN may be subject to liquidity risk, as it may be difficult to buy or sell shares of the ETN at a fair price.

Investing in the OIL ETN involves significant risks, including the risk of volatility in crude oil prices, the risk of regulatory changes that may impact the oil industry, and the risk of changes in the creditworthiness of Barclays Bank PLC. As such, investors should carefully consider the risks and potential benefits of investing in the OIL ETN before making any investment decisions.

In conclusion, the iPath Pure Beta Crude Oil ETN seeks to provide investors with exposure to crude oil prices by tracking the Barclays Capital Pure Beta TR Index, which seeks to provide exposure to the price of WTI crude oil futures contracts. The ETN may be subject to credit and liquidity risks, and investing in the OIL ETN involves significant risks that should be carefully considered before making any investment



 

 
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