Crude Oil price jump higher on speculation of US - China Trade War Truce
- WTI Crude Oil (CL) +2.7% higher last 5 days rising the most in 3 weeks
- Progress on the US - China Trade Talks offering Oil investors and speculators hope that global demand may increase
VelocityShares 3x Long Crude Oil ETN offered as a CFD via FXGM
- The underlying VelocityShares 3x Long Crude Oil ETN is an exchange-traded note issued by Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc.
- The Underlying instrument aims to provide daily price exposure of 300% the movement of Crude Oil Futures
- Source: https://www.bloomberg.com/quote/UWT:US / https://www.velocityshares.com/etns/product/uwt/