LOILWisdomTree WTI Crude Oil 2x Daily Leveraged
ISIN: JE00BDD9Q8400,98%
Management Fee (MER)
As of 3/7/2026
7 March 2008
Inception Date
US$43,462,720
Fund AUM
As of 3/7/2026
USD
Base currency
Overview
Product Description
WisdomTree WTI Crude Oil 2x Daily Leveraged is a fully collateralised Exchange Traded Commodity (ETC) designed to provide investors with a leveraged exposure to WTI Crude Oil . The ETC provides a total return comprised of 2 times the daily performance of the Bloomberg WTI Crude Oil SL Excess Return Index (BCLSLER), plus the interest revenue adjusted to reflect fees and costs associated with the product. For example, if the Bloomberg WTI Crude Oil SL Excess Return Index rises by 1% over a day, then the ETC will rise by 2%, excluding fees. However if the Bloomberg WTI Crude Oil SL Excess Return Index falls by 1% over a day, then the ETC will fall by 2%, excluding fees.
Why LOIL?
- Gain a leveraged exposure to the performance of WTI Crude Oil.
- Magnify your returns in one simple trade.
- Fully collateralised.
- Transparent performance and fees.
- Easy to invest: All in one investment product which does not require the investor to manage storage, insurance or delivery of WTI Crude Oil.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Investing in Short and Leveraged ETPs is only suitable for sophisticated and or informed investors who understand leverage, daily rebalancing and compounded daily returns and are willing to magnify potential losses. Short and Leveraged ETPs are only intended for investors who understand the risks involved in investing in an ETP with short or leveraged exposure and who intend to invest on a short term basis. Any investment in a short or leveraged ETP should be monitored on a daily basis to ensure consistency with your investment strategy. You should understand that investments in daily leveraged ETPs held for a period of longer than the recommended holding period of one day, may not provide returns equivalent to the return from the relevant unleveraged investment multiplied by the relevant leverage factor over the same period. Daily compounding may result in returns which an investor may not expect, if the investor has not fully understood how a daily leveraged ETP works. Potential losses in leveraged ETPs may be magnified in comparison to investments that do not incorporate leverage. In extreme volatility, returns of leveraged ETPs, even over one day, may under-perform the return of the underlying unleveraged index multiplied by the ETP’s leverage factor because of protection mechanisms within the ETP structure, intended to protect against intra-day market crashes. For more information see here: https://www.wisdomtree.eu/en-gb/resource-library/short-and-leveraged-centre
- Market Risk: The value of securities in this ETP is directly affected by increases and decreases in the value of the Index. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the performance of the Index.
- Currency Risk: The price of securities in this ETP is generally quoted in USD. To the extent that a security holder purchases securities in another currency, the value will be affected by changes in the exchange rate.
- Counterparty risk: The Issuer is reliant on there being swap counterparties available to enter into swap agreements on a continuing basis and, if no swap counterparties are willing to do so, the ETP will not be able to achieve its investment policy of tracking the performance of the Index.
- Credit Risk: The Issuer is subject to the risk that third party service providers may fail to return property or collateral belonging to the Issuer or pay money due to the issuer. The ETP is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. In the event a swap counterparty defaults, the proceeds from realisation of the collateral may be less than what the investor expects. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www. Wisdomtree. Com).
- The performance of commodity indices may differ significantly from spot commodity prices, which are often quoted in the financial press, as the spot in itself is not investable. An investment in commodities may experience high volatility and should be considered as a longer term investment.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Articles and Research Papers
Nitesh Shah
What’s Hot: Oil prices begin pricing the peace
The expected US-Iran MoU has shifted oil market focus from supply disruption to supply recovery. While reopening the Strait of Hormuz could restore oil flows, uncertainties remain around security, insurance and sanctions relief. Iranian production recovery and the UAE's exit from OPEC could boost supply, while weak Asian demand raises the risk of a significant oil surplus emerging in 2027.
- Commodities
Nitesh Shah
What’s Hot: What falling oil Inventories could mean for energy markets
Global oil inventories are falling at a record pace as the Strait of Hormuz disruption removes around 13 million barrels per day of supply. While headline inventories remain high, usable stocks are being depleted rapidly. As inventories approach operational limits, the market's ability to absorb further shocks diminishes, increasing the risk of a sharp spike in oil prices.
- Commodities
- Broad Commodities
Aneeka Gupta
Beijing Without Breakthroughs: What the Trump–Xi Summit Means for Investors
The Trump–Xi Beijing summit delivered managed stability, not structural change. Technology, critical minerals and Taiwan remain unresolved. For investors, two themes stand out: Western supply chain diversification in strategic metals and rare earths, and durable agricultural commodity exposure driven by food security and climate risk, not diplomacy.
- Broad Commodities
- Commodities
- Equities
- US
Nitesh Shah, Aneeka Gupta
Two Shocks, One Direction: The Case for Agricultural Commodities in 2026
Agricultural commodities are re-rating in 2026 as two converging supply shocks — the Iran war's disruption to fertilizer flows through the Strait of Hormuz and a developing El Niño, compress production across grains, oilseeds, and softs simultaneously. 
- Commodities
Fund Overview
| Product Overview | As of 3/7/2026 |
|---|---|
| ISIN | JE00BDD9Q840 |
| Asset Class | Commodities |
| Base / Trading Currency | USD / EUR |
| Inception Date | 7 March 2008 |
| Currency Hedged | No |
| Physical delivery available | No |
| Underlying exposure | Crude Oil (WTI) |
| Index Bloomberg Ticker | BCLSLER |
| Index Name | Bloomberg WTI Crude Oil SL Excess Return |
| Leverage Factor | 2x |
| Net Asset Value | As of 3/7/2026 |
|---|---|
| NAV | US$14.325 |
| Daily Change | US$0.001 |
| Daily return | 0,003% |
| Total AUM of fund | US$43,462,720 |
| Issuer AUM | US$8,771,748,964 |
| Shares Outstanding | 3.034.120 |
Structure
| Structure | As of 3/7/2026 |
|---|---|
| Legal Form | Debt security |
| Legal Structure | ETC |
| Replication Method | Synthetic - fully funded collateralised swap |
| Domicile | Jersey |
| Further Legal and Tax Information | As of 3/7/2026 |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| UCITS Eligible | Jurisdictionally dependent |
| UK Reporting Status | Yes |
| PEA Eligible | No |
Key Service Providers
| Key Service Providers | As of 3/7/2026 |
|---|---|
| Issuer | WisdomTree Commodity Securities Limited |
| Counterparty | Citigroup Global Markets Limited, Merrill Lynch International |
| Trustee | The Law Debenture Trust Corporation p.l.c. |
| Registrar | Computershare Investor Services (Jersey) Ltd |
| Collateral Manager | The Bank of New York Mellon |
| Fees | As of 3/7/2026 |
|---|---|
| Management Fee (MER) | 0,98% |
| Daily Swap Rate | 0,003562% |
| Restrike | |
|---|---|
| Product intraday restrike threshold | 35% |
| Severe overnight gap event threshold | N/A |
| Product Restrike Information | Product Restrike Information |
Adverse price movements intraday or overnight can quickly and significantly reduce the value of a leveraged ETP, sometimes to zero. Understanding restrike arrangements is essential to understanding a key product risk.
Passported Countries
Listings & Codes
| Country | Exchange | Trading Currency | Exchange Ticker | Bloomberg Ticker | RIC | SEDOL | ISIN | WKN | Settlement Period | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| LSE | USD | LOIL | LOIL LN | LOIL.L | BDD9Q84 | JE00BDD9Q840 | A2BC41 | T + 2 | 11/3/2008 | |
| LSE | GBP | OIL2 | OIL2 LN | OIL2.L | BPRSRM2 | JE00BDD9Q840 | A2BC41 | T + 2 | 21/2/2023 | |
| Borsa Italiana | EUR | LOIL | LOIL IM | LOIL.MI | BDD9QS4 | JE00BDD9Q840 | A2BC41 | T + 2 | 26/5/2009 | |
| Xetra | EUR | 4RT6 | 4RT6 GY | 4RT6.DE | BYVF6T2 | JE00BDD9Q840 | A2BC41 | T + 2 | 12/6/2008 | |
| Euronext (FR) | EUR | LOIL | LOIL FP | LOIL.PA | BR88V67 | JE00BDD9Q840 | A2BC41 | T + 2 | 18/9/2023 |
Index Details
Bloomberg WTI Crude Oil SL Excess Return
The Index is designed to reflect the movement in the price of the 2nd front-month WTI crude oil futures contracts that are continuously rolled on a pre-determined monthly rolling schedule. Each trading day the ETC will reflect 2 times the movement of the Index relative to the previous day's close (excluding fees and expenses). Therefore any losses will be magnified in comparison to a decrease in the value of the Index. Leveraged ETCs are only intended for investors who understand the risks involved in investing in an ETC with leveraged exposure and who intend to invest on a short-term basis. Any investment in a leveraged ETC should be monitored on a daily basis to ensure consistency with your investment strategy. Please refer to the section entitled "Risk Factors" in the relevant prospectus for further details of these and other risks associated with an investment in leveraged ETCs. You should consult an independent investment adviser prior to making an investment in a leveraged ETC in order to determine its suitability to your circumstances.
| Index Details | |
|---|---|
| Index Name | Bloomberg WTI Crude Oil SL Excess Return |
| Currency | USD |
| Index Provider | Bloomberg |
| Bloomberg Ticker | BCLSLER |
| Reuters Index Ticker | .BCLSLER |
| Index Website | https://www.bloomberg.com/professional/product/indices/bloomberg-commodity-index-family/ |
| Index Constituent Count | 1 |
| Leverage Factor | No leverage |
| Securities | 3/7/2026 |
|---|---|
| Bloomberg WTI Crude Oil SL Excess Return | 100,00% |
Collateral Details
| Incorporated Country | Weight |
|---|---|
| UNITED STATES | 50,27% |
| AUSTRIA | 15,98% |
| NETHERLANDS | 15,12% |
| GERMANY | 9,72% |
| FINLAND | 8,91% |
| Currency | Weight |
|---|---|
| US Dollar | 50,27% |
| Euro | 49,73% |
Top 20 Fund Collateral
| Fund | Weight |
|---|---|
| 4 3/8 NOTE C 34 | 11,71% |
| 0 7/8 NOTE F 30 | 6,09% |
| NETHERLANDS GOVERN 2.5 15JAN31 144A | 5,01% |
| BILL 07/28/26 | 4,37% |
| 2 1/4 BOND 52 | 4,30% |
| REPUBLIC OF AUSTRI 3.2 20FEB36 144A | 4,19% |
| NETHERLANDS GOVERN 2.5 15JAN30 144A | 3,71% |
| BILL 10/29/26 | 3,56% |
| 2 3/4 NOTE E 32 | 3,45% |
| REPUBLIC OF AUSTRI 0.5 20FEB29 144A | 3,39% |
| NETHERLANDS GOVERN 0.0 15JUL30 144A | 2,98% |
| REPUBLIC OF AUSTRI 0.0 20FEB31 144A | 2,77% |
| REPUBLIC OF AUSTRI 2.9 20FEB33 144A | 2,40% |
| FINLAND GOVERNMENT 3.0 15SEP34 144A | 2,35% |
| 1 7/8 NOTE B 32 | 2,28% |
| FINLAND GOVERNMEN 2.75 04JUL28 144A | 2,12% |
| 2 3/8 BOND 42 | 2,01% |
| BUNDESREPUBLIK DEUTSCH 4.75 04JUL40 | 1,84% |
| 0 5/8 TRIN D 32 | 1,57% |
| 2 7/8 BOND 52 | 1,47% |
Documents
Product
Collateral
Reports and Regulatory
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Commodity SecuritiesLimited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the relevant Issuer alone and are not obligations of or guaranteed by Citigroup Global Markets Limited (“CGML”), Citigroup Global Markets Holdings Inc. (“CGMH”), Merrill Lynch International ("MLI"), Bank of America Corporation ("BAC") or any of their affiliates. Each of CGML, CGMH, MLI and BAC disclaim all and any liability whether arising in tort, contract or otherwise which they might have in respect of this document or its contents otherwise arising in connection herewith.
“Bloomberg®” and the Bloomberg Commodity Index(es)SM referenced herein are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the indices (collectively, “Bloomberg”) and have been licensed for use for certain purposes by WisdomTree UK Limited and its permitted affiliates including WisdomTree Commodity Securities Limited (together, WisdomTree). Bloomberg is not affiliated with WisdomTree, and Bloomberg does not approve, endorse, review, or recommend the exchange-traded product(s) referenced herein. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the index(es).