En ook hier strijkt FT weer geduldig haar centjes op vandaag:
Largest oil ETF posts double-digit decline in line with price of crude
Published: April 20, 2020 at 4:12 p.m. ET
By Andrea Riquie
Exchange-traded funds with oil-related assets mostly took it on the chin Monday as the price of a barrel of oil plunged into negative territory for the first time on record. There are some technical reasons for the upside-down price move - May contracts for U.S. benchmark will expire soon - but June contracts CLM20, -15.62% are also signalling lots of pain ahead for industries and markets that depend on a higher-priced commodity. The United States Oil Fund USO, -10.92% has no exposure to the May contract CLK20, -269.67% and has overhauled its structure in the past few days to try to limit investor exposure to the worst of the oil market volatility. Still, USO lost about 12% on Monday, and is down 71% for the year to date, while funds with broader energy-sector exposure like the Energy Select Sector SPDR ETF XLE, -3.04% lost about 3%. The SPDR Oil & Gas Exploration & Production ETF XOP, +1.72% rose on Monday, but has lost more than half its value so far this year.