Welcome to the second edition of our monthly series where we take a closer look at what the trading volumes of our ETFs are telling us about Crude Oil & Natural Gas.
Our goal is simple: provide timely, data-driven insights to help you better understand how, and when, active investors are engaging with energy markets, so you can too.
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Here at LongPoint, we're passionate about creating ETFs that offer real opportunities for active investors to help them act decisively when volatility strikes. Launching Canada's first unhedged geared Crude Oil and Natural Gas ETFs back in 2024 is an example of our mission in action.
Our commodity ETFs have supported investors through a series of sharp, often unexpected swings.It’s no surprise that trading volumes have closely tracked some of the most turbulent moments in global energy markets.
During these periods, we observed a clear pattern: trading volumes in leveraged and inverse leveraged commodity ETFs tend to spike when conviction is highest, and when uncertainty is greatest.
This aligns with how active investors use these tools; not as long-term holds, but as tactical instruments to express short-term trading views, hedge exposure, or capitalize on momentum.
*Leverage ratio and lowest management fee in Canada as at Monday, June 1, 2026. Management fee rebated from 1.15% to 0.25% until June 30, 2026.
Let's take a look...
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Data as at May 31, 2026. Inception date November 28, 2024. Source: LongPoint ETFs.
The key driver for crude oil futures continues to be the U.S.-Iran-Israel conflict. Crude oil futures declined close to 20% over the last ten days based on easing geo-political tensions, improved expectations of future supply, and releases from the U.S. strategic reserve. Disruptions in the Strait of Hormuz still impact market supply and have the potential to quickly shift OILU and OILD trading.
Front month crude oil futures peaked near $108 USD per barrel on May 18, closing the month just over $87 USD per barrel. Trading shifted significantly from OILU to OILD, as active investors positioned in front of conflict resolution and the potential return to a lower price range. This could revert very quickly if tensions escalate.
OILU: SavvyLong Geared Crude Oil ETF (OILU:TSX)
OILD: SavvyShort Geared Crude Oil ETF (OILD:TSX)
As we enter the summer season, trading in natural gas ETFs picked up again after a cooler spring. A sharp rise in temperature has raised expectations on the summer season and the subsequent demand for natural gas. As an offset, U.S. inventory builds exceeded market expectations during several weeks in May.
Front month natural gas futures peaked near $3.29 USD/MMBtu at the end of the month, after opening the month at $2.77 USD/MMBtu.
GASU: SavvyLong GearedNatural Gas ETF (GASU:TSX)
GASD: SavvyShort GearedNatural Gas ETF (GASD: TSX)
GASU: SavvyLong Geared Natural Gas ETF (GASU:TSX)
GASD: SavvyShort Geared Natural Gas ETF (GASD:TSX)
OILU: SavvyLong Geared Crude Oil ETF (OILU:TSX)
OILD: SavvyShort Geared Crude Oil ETF (OILD:TSX)
This article is intended for active, high-conviction investors. Always read the full prospectus and disclaimers before investing. Visit www.longpointetfs.com for more information.
LongPoint’s Proprietary ETFs, which include the Mega ETFs, Savvy ETFs and Geared ETFs (the “Proprietary ETFs”), are all alternative mutual funds, and as such, are permitted to invest in asset classes or use investment strategies that are not permitted for other types of mutual funds. The Proprietary ETFs are highly speculative and use a significant amount of leverage which magnifies gains and losses.
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