VelocityShares 3x Inverse Crude Oil ETN (DWT)

[benfrankledger]

$DWT In the U.S., WTI crude climbed to $63.80/bbl after trading as high as $64.77, as domestic stockpiles posted their eighth straight week of declines, the longest stretch during winter in a decade.

Noting that U.S. crude inventories are at their lowest level since August 2015, PVM Oil Associates analyst Tamas Varga says “OPEC is edging ever closer to its desired target of reducing OECD industrial stocks to the five-year average.”