Hi there, Please note that any type of investment which aims to...

Hi there,
Please note that any type of investment which aims to provide exposure to oil will always use futures. This is because it is not possible to physically store barrels of oil. As such the "oil price" you see on screens and news is an uninvestible price. The use of futures exposes investors to the concepts of 'contango' and 'backwardation' (see more here https://www.betashares.com.au/insights/crude-oil-ahead-of-the-curve/).

This will mean that the spot price of oil and its performance will always differ from investment products providing exposure to oil. As to the pricing, the best place to see accurate intraday pricing of ETFs is on the ETF issuers website (the 'iNAV'). Definitely not a fraud though!