7 ms·
What? 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
by juped 7y ago
What?
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.