ETF Movement | GlobalX S&P Crude Oil (03097) Rises Nearly 3% Again as US WTI Oil Rebounds to Around $96

Stock News15:22

GlobalX S&P Crude Oil (03097) has risen nearly 3% again. As of writing, the fund was up 2.85%, trading at HK$8.83, with a turnover of HK$9.3091 million. On the news front, Iran has still not agreed to enter negotiations, while former President Trump stated he would grant Iran an additional 3-5 days of ceasefire time. International oil prices remain elevated. This week, US WTI crude oil has maintained its upward trend, rebounding from $88 per barrel to the current level around $96 per barrel. Public information indicates that the GlobalX S&P Crude Oil ETF is a futures-based product that invests directly in WTI futures contracts. The fund aims to provide investment returns that closely correlate with the performance of the S&P GSCI Crude Oil Enhanced Extra Return Index, before fees and expenses.

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