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ETN - Standard Bank Oil  –  SBOIL  
     
Prices at least 15 minutes delayed. Source: JSE Ltd.
 
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JSE Overall 115 730 -0.18%
 
10 Day Trading Range
0 3,028
Peer Comparison
UBSOMWPA (UOMWPA)243.81 (0.93%)
SBOIL (SBOIL)29.68 (-0.64%)
AMCUNPWGP (UNPWGP)123.10 (-0.28%)
FNBGSE (FNBGSE)230.51 (0.07%)
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SBOIL  Latest Market Data
Wednesday's Close1,187   P/E Ratio
Today's Open3,000   EPS - TTM
Best Bid2,987 x 500 000   DPS - TTM Dividend n/a
Best Offer3,026 x 500 000   Dividend Yield
Volume 7 075   Market Cap 2.97bn
Day's Range2,968–3,028   Shares In Issue 100.00m
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Objective
Oil ETN is linked to the price of Brent Crude Oil price (which is more relevant in South Africa), instead of being linked to the West-Texas Intermediate (WTI) Crude Oil price. The Brent Oil future is only cash settled, whereas the WTI future has physical settlement this means that the risk of the price going negative (like it did in March 2020) is removed.
 
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