The American Stock exchange has confirmed that next week it plans to launch the first U.S.-listed oil exchange-trade fund. The fund will make it easier for individuals to invest in crude oil prices itself, rather than taking positions in oil companies or energy mutual funds. The intent is for the ETF to track West Texas Intermediate light, sweet crude. (In case you’re curious, it will do that by investing in energy futures, options, etc.)
Despite high volatility, I’m betting this will be very popular.