DRIP is trading 3.03% down now at $31.39 after renewed Middle East supply-disruption risks pushed Brent crude above $100.
- Saudi Arabia temporarily shut its East-West oil pipeline after a drone attack.
- Attacks on Gulf shipping intensified concerns about global supplies.
- DRIP targets twice the inverse daily performance of oil-and-gas exploration and production stocks, so stronger oil prices are weighing on the fund.