VelocityShares 3x Long Crude Oil ETN (NYSE: UWTI) Analyst Coverage Initiated; Report by Small Cap Street

NEW YORK, NY / ACCESSWIRE / January 26, 2016 / VelocityShares 3x Long Crude Oil (NYSE: UWTI) the investment that seeks to replicate, net of expenses, three times the daily performance of the S&P GSCI Crude Oil Index ER, recently experienced a rally driven by a severe winter storm in Eastern United States said to briefly increase demand of oil in the US. WTI crude oil prices have fallen a whopping 70% since June 2014 due to oversupply concerns. The falling trend doesn’t seem to have stopped, as crude oil prices have tested 12-year lows. Crude oil is trading close to the psychological mark of $30 per barrel, but the appreciating dollar and record supplies are putting pressure on oil prices.

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