Skip to content
Subscriber Only

Cash-Burning Bets on Oil Rebound Keep Surging in ETF Market

Updated on

While calling a bottom in oil is proving a tricky, and costly, exercise for contrarian investors, they are undeterred.

After pouring the most money into funds that track oil prices in two years last month, investors are ramping up the bet even further this month, moving cash in at twice the October pace. The four biggest U.S. exchange-traded products tied to oil had 70.5 million shares outstanding yesterday, the most since May 2013, according to exchange data compiled by Bloomberg. More than 1 million shares in the ETFs are being created on average each day this month, the result of soaring demand.