{"id":1773149,"date":"2022-12-13T06:12:09","date_gmt":"2022-12-13T11:12:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1773149"},"modified":"2022-12-13T06:33:47","modified_gmt":"2022-12-13T11:33:47","slug":"traders-pump-record-500-million-into-one-oil-etf","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/traders-pump-record-500-million-into-one-oil-etf\/","title":{"rendered":"Traders Pump Record $500 Million Into One Oil ETF"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftraders-pump-record-500-million-into-one-oil-etf%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1773149&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/c3b9bf23ae98dd17ce465dff2836a739\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p>(Bloomberg) &#8212; One oil exchange traded fund pulled in a giant amount of cash last week as some investors piled into the market during its worst rout in months.<\/p>\n<p>Most Read from Bloomberg<\/p>\n<p>WisdomTree\u2019s Brent Crude Oil ETP \u2014 ticker BRNT \u2014 attracted a weekly record of about $500 million, almost tripling the fund\u2019s assets to more than $700 million.<\/p>\n<p>The move coincided with benchmark Brent futures sliding 11% in their biggest weekly slump since early August. Worries that rising interest rates will quell demand and an oversupplied physical market have pressured prices lately.<\/p>\n<p>Despite the price rout, some remain optimistic. The oil market has largely shrugged off China\u2019s easing of Covid rules in recent days, and any increase in consumption from the world\u2019s top crude importer could allay some fears of a demand slowdown next year. That\u2019s against the backdrop of heightened supply risks as Russia continues its war in Ukraine.<\/p>\n<p>The WisdomTree fund\u2019s inflow is one of the largest for any oil-tracking ETP this year.<\/p>\n<p>In another sign of dip buying, the market\u2019s largest product, the $2.4 billion US Oil Fund \u2014 or USO \u2014 saw a daily inflow of $169 million last week. That was the most since August 2020.<\/p>\n<p>&#8211;With assistance from Sam Potter.<\/p>\n<p>Most Read from Bloomberg Businessweek<\/p>\n<p>\u00a92022 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212; One oil exchange traded fund pulled in a giant amount of cash last week as some investors piled into the market during its worst rout in months.Most Read<\/p>\n","protected":false},"author":1,"featured_media":1773152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[8352,5458,8353,7393,8354,4752,3819,6582],"class_list":["post-1773149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-8352","tag-bongino","tag-etf","tag-oil","tag-pump","tag-record","tag-report","tag-traders"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1773149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1773149"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1773149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1773152"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1773149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1773149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1773149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}