Don’t touch any oil etf, especially any leveraged etf. Even an unelevered etf, like the USO, will destroy your investment. Every month the USO rolls the posit

Don’t touch any oil etf, especially any leveraged etf. Even an unelevered etf, like the USO, will destroy your investment. Every month the USO rolls the position from the month 1 contract to month 2. We are in a deeply contango market and will remain so for a while, so every month you’re going to lose 2-4$ per bbl. So even if oil appreciates several dollars, you still lose. Oil etf’s are toxic waste.