Name of ETN: iPath S&P GSCI Crude Oil Total Return Index ETN
Benchmark Index: S&P GSCI Crude Oil Total Return Index
Ticker Symbol: OIL
Underlying Commodity Exposure: This ETN is designed to move in the same direction as the daily price of crude oil futures.
ETN Highlights:
- The index this ETN is based upon is designed to reflect the potential returns (unleveraged) of a West Texas Intermediate (WTI) crude oil futures contract.
- Investors looking to invest in commodities without opening a futures account can use commodity ETFs/ETNs as an alternative investment vehicle. Investors should be aware that investing in ETNs is not the same as owning interests in the commodities futures contracts as there is no principal protection.
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