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That's right. USO is a derivative on a derivative on commodity that nobody wants right now. The amount of indirection to get from USO to crude would tell me ye
by anonu 7y ago
That's right. USO is a derivative on a derivative on commodity that nobody wants right now. The amount of indirection to get from USO to crude would tell me yes, it's failed to reach its stated goal.
- juped 7y agoWhat? The price of oil has fallen sharply. USO has fallen sharply. This is what USO is supposed to do. The service USO is providing is giving traders a symbol they can use to be directionally exposed to oil without personally maintaining a tricky futures position.