Texas Capital Texas Oil Index ETF·Financial Services

The conflict between the U.S., Israel, and Iran is sending shockwaves through global crude oil markets. Refineries in Europe and Asia are paying record high prices for crude, a staggering reflection of the tightening supply chain.

As a Texan, I have always appreciated the state's advantages, but Texas is increasingly drawing attention well beyond its borders. The investment case is tied to several powerful economic themes.

Energy is dominating headlines on escalating geopolitical tensions in the Middle East. Following military strikes over the weekend, disruptions in the Strait of Hormuz — a chokepoint responsible for roughly 20% of global oil flow — have sent markets into a risk-off frenzy.

OILT hits a new 52-week high, up 50% from its low, as oil prices surge on geopolitical tensions.
The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is an economic-value weighted index providing exposure to companies that extract oil and gas within Texas. The fund is non-diversified.
Financial Services
Asset Management
2023-12-21
0.02
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