ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 (USOI)

On January 6, 2026, UBS Group AG (NYSE:UBS) officially declared coupon payments for 12 of its ETRACS Exchange Traded Notes (ETNs), a move that underscores the bank's continued dominance in the high-yield, leveraged income space. The announcement, which covers a diverse array of assets including Master Limited Partnerships (MLPs)

According to data from the Energy Information Administration, about 21 million barrels of oil passed through the Hormuz Strait each day in 2022.

The U.S. is the world’s largest producer of crude oil and has been so for the last six years. In 2023, U.S. drillers produced 12.9 million barrels per day.

Being able to count on the predictable nature of dividends is far better to trying to guess the direction of stock prices and counting on capital gains, which may or may not show up when needed.

Oil futures fell again on Thursday as a bullish draw in U.S. crude stocks was offset by surprise builds in gasoline and diesel inventories, adding to concerns about fuel demand as the summer driving season gets underway.

Islamic State attacks halted the pipeline's operations in 2014 which was responsible for about 0.5% of the world's oil supply.

Croft added that Iran has the potential to repeat its playbook from 2019 when it allegedly attacked oil tankers in the Strait of Hormuz, a critical waterway for oil import and export.

Energy producers will be highly profitable with a price floor of $80 per barrel. The S&P energy sector was a top performer in the first quarter, and that was with oil trading in the $70s.

The IEA cautions that this forecast "masks the impact of a further weakening of the macroeconomic climate."

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have collectively decided to implement an additional 1 million barrels a day of oil supply cuts, reinforcing Saudi Arabia's recent extension of its equivalent voluntary reduction.  Oil prices moved higher, with WTI trading at $77.82 and Brent crude oil moving around 83.90.

The slow, then sudden, collapse of Credit Suisse put a lot of large asset management company money at risk. But as an individual investor, you may think you’re not affected by the failure of a Swiss bank now being acquired by another Swiss bank.

A dividend cut or suspension will almost always trigger a sale. These often come as a surprise, or the result of an unexpected event.

After what DB's Jim Reid describes as

Investors often pick types of investments based on the current yield and do not understand the underlying business or assets. This type of investor becomes the first to ask questions when share prices drop.