Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[benfrankledger]

On Friday, January 18 the price of crude oil traded to a new short-term high at over the $54 per barrel level on the nearby NYMEX February futures contract.

The price path of the energy commodity has been a wild ride since finding a peak of $76.90 per barrel on October 3.

The final three months of last year was a great time for consumers, but a nightmare for producers and investors in the energy commodity as the price dropped like a stone.