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Crude oil ETFs including NEXT FUNDS NOMURA Crude Oil Long rise as WTI climbs on expectations of sustained high prices
Crude oil ETFs such as NEXT FUNDS NOMURA Crude Oil Long Index Linked Exchange Traded Fund <1699> and Simplex WTI ETF <1671> rose. On April 16, US crude oil futures climbed, with West Texas Intermediate (WTI) for May delivery rising $3.40 to $94.69 per barrel. While expectations grow for a second round of negotiations between the US and Iran, reports indicated that leaders from Gulf states and Europe believe a peace agreement could take roughly six months to materialize. WTI prices rose on speculation that normalizing navigation through the Strait of Hormuz will take time, keeping prices elevated.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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