Thursday’s ETF To Watch: Teucrium Crude Oil Fund (CRUD)

A resurgence of political risk has stuck the markets back down threatening any hope of a solid economic recovery. First, protests in Tunisia and Egypt rocked world equities and it now appears as if issues have bubbled over in Libya as well. What began as small scale protests against the autocratic regime have now escalated into near civil war proportions. Some reports cite that over 1,000 people have been killed with no end in sight to the violence, especially considering that the anti-government forces have managed to make huge inroads in the country. This has led the Libyan government to take some pretty drastic steps including shutting down oil pipelines to Europe, news that caused crude oil markets to skyrocket in Wednesday trading. While Libya isn’t a major producer of oil, it exports roughly 1.2 million barrels a day, the crude it does export is of very high quality which [...] Click here to read the original article on ETFdb.com. Related Posts: New Oil ETF (CRUD) Debuts June ETF Roundup: Launches and Filings First The CORN ETF, Now Five More Funds