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Anybody understand oil futures/etfs?

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Old 12 March 2009, 08:16 PM
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Deep Singh
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Default Anybody understand oil futures/etfs?

Hi.

I'm looking at exposure to oil and found an etf that is meant to track the price of brent crude, OILB.L

The price of Brent Crude went up today yet the etf dropped. Why would that be?
Old 12 March 2009, 10:01 PM
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vindaloo
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Originally Posted by Deep Singh
Hi.

I'm looking at exposure to oil and found an etf that is meant to track the price of brent crude, OILB.L

The price of Brent Crude went up today yet the etf dropped. Why would that be?
Get the prospectus for the ETF and see when it's priced. The price will also fluctuate based on spread (early AM) and trades.

J.
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