iPath S&P GSCI Crude Oil Total Return Index ETN
OILNF
Other OTC- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Aug 16, 2006
- CIK
- 0000312070
- Similar Companies
- Business
- iPath S&P GSCI Crude Oil Total Return Index ETN (OILNF) is an exchange-traded note (ETN) issued by Barclays Bank PLC that provides investors with exposure to the performance of the S&P GSCI Crude Oil Total Return Index, a sub-index of the S&P GSCI Commodity Index focused on West Texas Intermediate (WTI) crude oil futures contracts; the ETN delivers total returns through cash payments at maturity or early redemption, net of fees, without principal protection. Launched in 2006 and headquartered in London, United Kingdom, the ETN trades over-the-counter following its delisting from NYSE Arca on April 12, 2018, targeting institutional and retail investors seeking leveraged commodity exposure in the energy sector across global markets. The product carries significant risks, including potential loss of principal due to its unsecured debt structure and tracking discrepancies from futures roll costs. Core offerings include the OILNF ETN series, which synthetically replicates unleveraged returns from excess returns of front-month WTI crude oil futures rolled daily, adjusted for a daily index factor and investor fees; it operates without physical delivery, relying on Barclays' creditworthiness rated AA by S&P and Aa1 by Moody's. Barclays provides redemption options, including issuer call rights and holder early redemption at specified intervals, with payments based on the index closing value minus fees. In recent years, Barclays exercised its issuer call option to fully redeem all outstanding OILNF ETNs effective January 25, 2023, following a cash tender offer and consent solicitation in early January 2023 that secured amendments to the indenture; this redemption valued at the January 18, 2023, valuation date led to cessation of trading on major exchanges. Despite the 2023 redemption announcement, limited over-the-counter trading persists with recent quotes around $205.30 as of December 2025, potentially reflecting residual notes or secondary market activity post-delisting. No major new product launches, partnerships, or expansions have been reported for OILNF since the redemption process.