CNBC It’s been a wild week for the oil market. Oil prices began an unprecedented drop on Monday that saw the West Texas Intermediate May futures contract, which expires on Tuesday, slide into negative territory for the first time ever. The May and June contracts remained under serious pressure Tuesday as the more actively traded June contract fell nearly 25%. In the days leading
Range bound or not, ETFs invest capital into energy An analysis of commodity markets from Bloomberg Intelligence today pointed to oil likely being in the $40-$60 per barrel range for the foreseeable future, but that hasn’t stopped ETFs from pumping more money into energy in November. Commodity market strategist Mike McGlone said it would take “a substantial development to get
Perusing the Inter-web, we found State Street Global Advisors SPDR S&P 500 FOSSIL FUEL FREE ETF, and just wondered “is that even possible.” No. Well, that didn’t take long. According to State Street: “The ETF Fund may purchase a subset of the securities in the “Index” in an effort to hold a portfolio of securities with generally the same risk
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