Moves in crude oil prices also influence ETFs and ETNs such as the ProShares UltraShort Bloomberg Crude Oil (SCO), the iShares US Oil Equipment & Services (IEZ), the VelocityShares 3X Inverse Crude Oil ETN (DWTI), the Direxion Daily Energy Bear 3X ETF (ERY), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), and the SPDR S&P Oil & Gas Equipment & Services ETF (XES).
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