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Direxion Daily Energy Bear 2X ETF

8.47

+0.05000.59%

Post-market: 8.46-0.0107-0.13%19:56 EDT

Volume:22.59M

Turnover:189.29M

Market Cap:42.06M

PE:- -

High:8.52

Open:8.48

Low:8.26

Close:8.42

52wk High:22.50

52wk Low:8.26

Shares:4.97M

Float Shares:4.97M

Volume Ratio:1.17

T/O Rate:454.86%

Dividend:0.31

Dividend Rate:3.62%

ROE:--

ROA:--

PB:--

PE(LYR):- -

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Overview Company News Filings

Baker Hughes reports U.S. rig count up 1 to 588 rigs

ETF Daily | SNDQ Soars 29%; SOXS Climbs 15%; AMKL Plunges 50%; Chip Retreat Boosts Bears

ETF Daily | QBTX Soars 40%; BMNG Surges 26%; SHPU Jumps 23%; SOXS Gains 7%; Quantum Computing Headlines Drive Flows

Viva Energy boosts earnings on strong refining margins and retail growth

Global Oil Prices Fall Sharply as Brent Slumps Over 13% and WTI Drops More Than 8%

Baker Hughes reports U.S. rig count down 1 to 587 rigs

Fuel costs on the rise as latest geopolitical turmoil drives up crude oil prices

Dow Jones Today: DJIA Sinks as Oil Surges above $100 on New Energy Chokepoint Threat

Wall Street poised to open lower as Mideast tensions push Brent crude past US$98 a barrel

WTI Crude Breaks $90, Brent Crude Approaches $100, Middle East Shipping Risks Drive Continuous Rise in Oil Prices

U.S. Crude Oil Inventories Rose by 2.01 Million Barrels Last Week, Surpassing Forecast for a Draw

Hormuz Traffic Slumps as Oil Volleys Higher

Goldman Sachs Eyes $120 Oil Spike if Middle East Shipping Risks Continue

Goldman Sachs Warns of Strait of Hormuz Supply Risks: Brent Crude May Top $120 in Fourth Quarter

Look on the Bright Side: Energy Companies are Booming

Baker Hughes reports U.S. rig count up 7 to 588 rigs

ETF Daily | AEHG Jumps 42%; PYPU Leaps 35%; PYPG Climbs 34%; SOXS Advances 7%; China Rebounds, Chips Lag

S&P 500 Top Stock Gainers Today, 7/15/26

Oil Slips after U.S. Reimposes Naval Blockade on Iran

Falcon Metals Advances Aggressive Gold Exploration Across Key Australian Projects

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As of the European session, Brent crude (UKOIL) fell over 13% to trade near $85.23 per barrel, while WTI crude (USOIL) declined more than 8% to around $83.08.","market":"sg","thumbnail":"https://resource.tradingkey.com/cms_uploads/img/20231117/7c638a5f4ccad0b2efaf6ed7aba3aad7.jpg","type":0,"news_type":0,"thumbnails":["https://resource.tradingkey.com/cms_uploads/img/20231117/7c638a5f4ccad0b2efaf6ed7aba3aad7.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tradingkey.com/analysis/commodities/oil/262055915-oil-prices-fallen-brent-crude-oil-plunged-13-wti-crude-oil-fell-8-tradingkey","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BCI","OIH","PIT","DBO","ERX","NANR","USO","GUSH","XLEX","COLO","DWT","OILT","OILU","BWET","CCRV","UAE","USE","TURF","VOOV","IUSV","WTIU","FBZ","DUG","DBC","WTI","BCD","ERY","FTXN","DIG","BNO","PXJ","VDE","DRLL","OILK","MCLmain","COM","FTRI","PXE","PPI","XES","IEO","DBE","USOI","XLE","UGA","XOP","MLPX","DRIP","IXC","USL"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2654039682","title":"Baker Hughes reports U.S. rig count down 1 to 587 rigs","url":"https://stock-news.laohu8.com/highlight/detail?id=2654039682","media":"TIPRANKS","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2654039682?lang=en_us&edition=fundamental","pubTime":"2026-07-25 01:05","pubTimestamp":1784912719,"startTime":"0","endTime":"0","summary":"Baker Hughes (BKR) reports that the U.S. rig count is down 1 from last week to 587 with oil rigs down 2 to 450, gas rigs up 1 to 127","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/baker-hughes-reports-u-s-rig-count-down-1-to-587-rigs-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/baker-hughes-reports-u-s-rig-count-down-1-to-587-rigs-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["ERY","DBE","FTXN","RSPG","ERX","DIG","IXC","WTIU","XLEI","FBZ","USL","ONG","VDE","PXI","OILU","BESF","FENY","OIH","IE00B19Z3B42.SGD","DRLL","BWET","OILT","TRUN","XLE","GUSH","DRIP","USO","XOP","UCO","SCO","BKR","PXJ","DBC","IYE","BNO","USE","DUG","PXE","DBO","USOI","UGA","PSCE","OILD","NRGZ","OILK","XES","IEZ","FXN","IEO","GXPE"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2653720743","title":"Fuel costs on the rise as latest geopolitical turmoil drives up crude oil prices","url":"https://stock-news.laohu8.com/highlight/detail?id=2653720743","media":"Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2653720743?lang=en_us&edition=fundamental","pubTime":"2026-07-24 02:12","pubTimestamp":1784830320,"startTime":"0","endTime":"0","summary":"Fuel costs are on the rise in Canada as geopolitical turmoil drives the price of crude oil to its highest level in more than a month. ","market":"us","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/YZJSZUIE7RDUPK2KVK5BLYHPUQ.jpg?smart=true&auth=79754a3e7fb2a94731f5293d0135cf2106a1943e465901d5453a30b3af03e67c&width=500&height=333","type":0,"news_type":0,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/YZJSZUIE7RDUPK2KVK5BLYHPUQ.jpg?smart=true&auth=79754a3e7fb2a94731f5293d0135cf2106a1943e465901d5453a30b3af03e67c&width=500&height=333"],"rights":{"source":"bnn_bloomberg_highlight","url":"https://www.bnnbloomberg.ca/markets/oil/2026/07/23/fuel-costs-on-the-rise-as-latest-geopolitical-turmoil-drives-up-crude-oil-prices/","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.bnnbloomberg.ca/markets/oil/2026/07/23/fuel-costs-on-the-rise-as-latest-geopolitical-turmoil-drives-up-crude-oil-prices/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"bnn_bloomberg_highlight","symbols":["UAE","XLE","FLLA","DBC","DWT","YGRN","PXJ","CCRV","OILK","VOOV","ERY","HCOM","FXN","DIG","XES","AMLX","TEXN","COM","IXC","UCIB","COMT","NRGZ","UGA","DBO","RAAX","BWET","PIT","DVXE","XLEI","DRLL","CERY","SDCI","CMCI","IEO","OCTA","TURF","CMDT","PSCE","XOP","FENY","HGER","ILF","OIH","DTO","EIPI","BCI","NRGO","FLCA","MLPX","PPI"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2653631722","title":"Dow Jones Today: DJIA Sinks as Oil Surges above $100 on New Energy Chokepoint Threat","url":"https://stock-news.laohu8.com/highlight/detail?id=2653631722","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2653631722?lang=en_us&edition=fundamental","pubTime":"2026-07-24 00:53","pubTimestamp":1784825625,"startTime":"0","endTime":"0","summary":"The Dow Jones (DJIA) is trading lower on Thursday as escalating tensions in the Middle East continue to drive energy prices higher. Brent crude (BZ...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/dow-jones-today-djia-sinks-as-oil-surges-above-100-on-new-energy-chokepoint-threat?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/dow-jones-today-djia-sinks-as-oil-surges-above-100-on-new-energy-chokepoint-threat?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["PDBC","MGK","BZ","IVE","XLI","RAAX","GXPE","BPH","PXI","SDCI","FDN","SDY","CMDT","PBOG","UAE","VAW","VOOV","AVIE","GCC","HGER","ENOR","YMmain","TEXU","CMCI","FFLV","ERY","DWT","UWT","ACOM","COLO","GSG","TOPT","DGRO","RSPG","USOY","ASGM","WTID","NRGU","NRGD","DXD","FXN",".DJI","FDVV","DJIA","SHEH","FNDX","NRGZ","YALL","COMB","NRGO"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2653284587","title":"Wall Street poised to open lower as Mideast tensions push Brent crude past US$98 a barrel","url":"https://stock-news.laohu8.com/highlight/detail?id=2653284587","media":"Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2653284587?lang=en_us&edition=fundamental","pubTime":"2026-07-23 20:44","pubTimestamp":1784810640,"startTime":"0","endTime":"0","summary":"Wall Street was poised to open with minor losses on Thursday as earnings season ramps up and the intensifying conflict with Iran pushed Brent crude above US$98 a barrel.","market":"fut","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/MA2IQ7UOECMMOHVJK5ENHFUP4U.jpg?smart=true&auth=28a9beefbe40f2814565bba779b5bca7d9021adf1e43dfcacd43dd6f167ccd28&width=800&height=450","type":0,"news_type":0,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/MA2IQ7UOECMMOHVJK5ENHFUP4U.jpg?smart=true&auth=28a9beefbe40f2814565bba779b5bca7d9021adf1e43dfcacd43dd6f167ccd28&width=800&height=450"],"rights":{"source":"bnn_bloomberg_highlight","url":"https://www.bnnbloomberg.ca/business/2026/07/23/world-shares-are-mixed-and-mideast-tensions-push-brent-crude-past-us98/","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.bnnbloomberg.ca/business/2026/07/23/world-shares-are-mixed-and-mideast-tensions-push-brent-crude-past-us98/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"bnn_bloomberg_highlight","symbols":["FTXN","TEXU","USOY","XES","DRIP","UAE","XLE","RSPG","OILU","USE","OIH","USO","UWT","BWET","ERY","WTID","DRLL","IEO","NRGO","USL","USOI","VDE","DBO","GUSH","GXPE","DBE","DUG","OILK","NRGU","PXE","UGA","NRGD","DWT","DIG","PXI","ENOR","PXJ","NRGZ","DBC","OILT","PBOG","ERX","FXN","SHEH","WTIU","XOP","BNO","IXC","COLO","BPH"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2653512746","title":"WTI Crude Breaks $90, Brent Crude Approaches $100, Middle East Shipping Risks Drive Continuous Rise in Oil Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=2653512746","media":"TradingKey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2653512746?lang=en_us&edition=fundamental","pubTime":"2026-07-23 17:43","pubTimestamp":1784799805,"startTime":"0","endTime":"0","summary":"TradingKey - On July 23, international oil prices continued to rise sharply. WTI crude oil (USOIL) prices broke through the $90 mark intraday, gaining more than 4%, while Brent crude oil (UKOIL) rose to a high of $98.75, just a step away from the $100 threshold. Oil prices have now risen for five consecutive trading sessions, as market focus remains on the risk of disrupted crude oil transportation in the Middle East.","market":"nz","thumbnail":"https://resource.tradingkey.com/cms_uploads/img/20231117/1e0295dd079c46ff394a9b73f36eef21.jpg","type":0,"news_type":0,"thumbnails":["https://resource.tradingkey.com/cms_uploads/img/20231117/1e0295dd079c46ff394a9b73f36eef21.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tradingkey.com/analysis/commodities/oil/262049537-wti-crude-oil-90-brent-100-middle-east-oil-prices-higher-tradingkey","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["HCOM","ERY","DBE","BDRY","COLO","FTXN","ERX","DIG","IXC","WTIU","FBZ","USL","VDE","HGER","OILU","OIH","DCMT","PIT","DRLL","BWET","OILT","FTRI","XLE","AVIE","GUSH","DRIP","IEO","USO","XOP","UAE","PXJ","DBC","BNO","USE","DUG","PXE","DBO","WTI","USOI","UGA","EDGH","MCLmain","CMCI","XLEX","XES","OILK","IUSV","MLPX","CMDT","GSG"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1160488060","title":"U.S. Crude Oil Inventories Rose by 2.01 Million Barrels Last Week, Surpassing Forecast for a Draw","url":"https://stock-news.laohu8.com/highlight/detail?id=1160488060","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1160488060?lang=en_us&edition=fundamental","pubTime":"2026-07-22 22:53","pubTimestamp":1784732031,"startTime":"0","endTime":"0","summary":"The latest inventory report from the U.S. Energy Information Administration (EIA) also revealed the following changes for the previous week:Gasoline inventories increased by 765,000 barrels, compared...","market":"other","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["UWT","FXN","NRGD","RSPG","DTO","USOY","OIL","NRGZ","OILD","YGRN","WTID","DNO","DWT","ERY","XLEI","EIA"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2653661897","title":"Hormuz Traffic Slumps as Oil Volleys Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=2653661897","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2653661897?lang=en_us&edition=fundamental","pubTime":"2026-07-22 22:32","pubTimestamp":1784730725,"startTime":"0","endTime":"0","summary":"Traffic through the Strait of Hormuz has continued to slip following the resumption of U.S.-Iran hostilities on July 7. Since then, Brent crude (BZ...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/hormuz-traffic-slumps-as-oil-volleys-higher?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/hormuz-traffic-slumps-as-oil-volleys-higher?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["GXPE","SHEH","BK4585","LU1688375341.USD","FXN","BK4535","LU0359202008.SGD","BK4077","BK4509","BK4505","NRGO","BK4563","BK4588","LU0359201612.USD","LU1023057109.AUD","PBOG","TEXU","WTID","ENOR","BPH","NRGD","COLO","PXI","UAE","UWT","LU2039709279.SGD","BK4526","NRGU","BZ","ERY","BK4503","BK4551","DWT","BK4539","USOY","RSPG","BK4130","IE00B29SXG58.USD","NRGZ"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2653205532","title":"Goldman Sachs Eyes $120 Oil Spike if Middle East Shipping Risks Continue","url":"https://stock-news.laohu8.com/highlight/detail?id=2653205532","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2653205532?lang=en_us&edition=fundamental","pubTime":"2026-07-21 22:03","pubTimestamp":1784642611,"startTime":"0","endTime":"0","summary":"Goldman Sachs ($GS) warns that Brent crude oil prices (CM:CL) could climb back toward $120 a barrel by the end of the year. This potential jump wou...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/goldman-sachs-eyes-120-oil-spike-if-middle-east-shipping-risks-continue?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/goldman-sachs-eyes-120-oil-spike-if-middle-east-shipping-risks-continue?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["USOI","XLE","DBC","PXJ","USOY","BNO","OILK","ERX","GS","USE","DWT","CL","DBE","BDRY","UGA","XOP","FXN","DUG","FTXN","PXI","NRGU","USL","USO","VDE","GXPE","TEXU","OIH","IXC","DRLL","RSPG","BWET","DRIP","OILT","BPH","DBO","WTIU","NRGZ","PXE","GUSH","AMLX","DIG","COLO","XES","NRGO","IEO","ERY","OILU","UAE","PBOG","WTID"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2653422073","title":"Goldman Sachs Warns of Strait of Hormuz Supply Risks: Brent Crude May Top $120 in Fourth Quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=2653422073","media":"TradingKey","labels":["economic"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2653422073?lang=en_us&edition=fundamental","pubTime":"2026-07-21 16:46","pubTimestamp":1784623566,"startTime":"0","endTime":"0","summary":"TradingKey - Goldman Sachs' (GS) global commodities research team released a new report stating that if the transportation of crude oil and refined products through the Strait of Hormuz faces sustained and severe disruptions, Brent crude (UKOIL) prices could rise above $120 per barrel by the fourth quarter of 2026. Goldman Sachs also emphasized that $120 is not its current baseline forecast, but rather an upside scenario based on conditions such as long-term restrictions on transit through the strait, a significant decline in crude oil exports from the Gulf region, and insufficient alternative transportation capacity.","market":"us","thumbnail":"https://resource.tradingkey.com/cms_uploads/img/20231117/1e0295dd079c46ff394a9b73f36eef21.jpg","type":0,"news_type":0,"thumbnails":["https://resource.tradingkey.com/cms_uploads/img/20231117/1e0295dd079c46ff394a9b73f36eef21.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tradingkey.com/analysis/commodities/oil/262043845-goldman-sachs-warns-hormuz-risks-brent-crude-may-break-120-tradingkey","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"economic","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["PXJ","NRGZ","DIG","RSPG","WTIU","BWET","BNO","UAE","USOY","UGA","VOOV","ERY","IEO","WTID","OILU","USE","PXE","VDE","XES","FTXN","PXI","ERX","DRLL","DBC","TEXU","BESF","DRIP","USL","LNG","NRGD","XOP","FBZ","XLE","IXC","GUSH","GXPE","DUG","USO","OILT","TPYP","USOI","COLO","DBE","UWT","DWT","OIH","OILK","LNGX","NRGO","DBO"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2652238252","title":"Look on the Bright Side: Energy Companies are Booming","url":"https://stock-news.laohu8.com/highlight/detail?id=2652238252","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2652238252?lang=en_us&edition=fundamental","pubTime":"2026-07-18 05:08","pubTimestamp":1784322480,"startTime":"0","endTime":"0","summary":"You can't beat them. Maybe you should join them.Nothing to see here, folks. Move along.The air is choked with soot. Canada and Minnesota are ablaze in the scorching, dry heat. Cities and towns across America post record temperatures as global warming - \"global roasting,\" really - proves, once again, that it's totally a Chinese hoax.And \"no big deal.\"Oh, yes, and gasoline prices are breaking $4 again as the U.S.'s triumphant war with Iran continues.But every cloud has a silver lining, even the cloud of wildfire smoke enveloping your city or town. In this case: U.S. oil-and-gas companies are making record profits, yet again. And their stock prices are booming!\"You can't beat them, so join them. Otherwise you're just railing in impotent fury at the companies frying the planet.The bad news is that energy-stock prices are typically a good indicator of where oil and gasoline prices are heading. They are more closely correlated with next year's oil futures than with today's \"spot\" prices. So 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