“Kloza also said the U.S. is facing an “interesting divergence” when it comes to gasoline prices. Kloza said gasoline prices are high in relation to the low price of crude, resulting in high margins for refiners,” adds CNBC.
For the more aggressive trader, there are number of leveraged options, including the ProShares UltraShort Bloomberg Crude Oil (NYSEArca: SCO), which tries to reflect the two times inverse or -200% daily performance of WTI crude oil, and DB Crude Oil Double Short ETN (NYSEArca: DTO), which also follows a -200% performance of oil, jumped 17.4%. Lastly, the VelocityShares 3x Inverse Crude (NYSEArca: DWTI) takes the three times inverse or -300% performance of crude oil.
United States Oil Fund
