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Brent Oil – Learn about the largest US oil ETF that will focus the majority of its holdings on the cash month

I posted about this earlier here:

Bloomberg has more on this, the link is here (gated):

In short:

  • Largest US oil ETF revives pre-pandemic investment strategy
  • The U.S. Petroleum Fund will begin, in September, reallocating the majority of its holdings to the nearest oil futures contract, rather than spreading its exposure across the futures curve.
  • The fund’s decision to move to the front of the curve ahead of the 2020 oil crash exacerbated the market turmoil that followed.

After oil prices plummeted in 2020, the CME ordered the fund to reallocate its funds between contracts. We live in different times today, but this decision could cause an initial spike in oil price volatility.


Also on Brent earlier today:

Brent update for the first trading hours of the week:


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