Bloomberg News

U.S. Oil Fund Premium at 0.26 Percent on March 1

March 01, 2012

The U.S. Oil Fund, the largest exchange-traded fund in crude oil, closed at a premium of 0.26 percent on March 1, according to figures on the fund’s website. A premium means that the closing price of the shares is higher than the value of its underlying holdings in the fuel.

Crude oil for April delivery rose $1.77, or 1.65 percent, to $108.84 a barrel on the New York Mercantile Exchange on March 1.

================================================================================
                        March 1  Feb. 29  Feb. 28  Feb. 27  Feb. 24  Feb. 23
                           2012     2012     2012     2012     2012     2012
================================================================================
                         --------------------Per Share-----------------------
Premium/discount          0.26%   -0.12%    0.12%   -0.77%    0.05%    0.29%
Net Asset Value          $41.64   $40.96   $40.76   $41.53   $42.00   $41.25
Closing price            $41.75   $40.91   $40.81   $41.21   $42.02   $41.37
                         ------------Quantity of Fund Holdings---------------
NYMEX Futures            12,960   13,190   13,190   12,425   12,425   12,578
================================================================================
                        March 1  Feb. 29  Feb. 28  Feb. 27  Feb. 24  Feb. 23
                           2012     2012     2012     2012     2012     2012
================================================================================
                         ------------Quantity of Fund Holdings---------------
ICE WTI                   2,000    2,000    2,000    2,000    2,000    2,000
================================================================================

NOTE: The fund aims to track the price of West Texas Intermediate delivered to Cushing, Oklahoma. The ETF buys the near-month contract, then rolls forward by selling it before expiration and buying the following month.

SOURCE: United States Oil Fund

To contact the reporter on this story: Sarina Yoo in Seoul at kyoo3@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus