United States Oil Fund (USO): Perhaps this article may give some insig...

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Re: investorcg post# 2953

Tuesday, 05/05/2020 8:39:23 PM

Tuesday, May 05, 2020 8:39:23 PM

Perhaps this article may give some insight...

https://oilprice.com/Energy/Energy-General/Is-It-The-Right-Time-To-Buy-Into-The-Oil-Price-Rally.html

This has not moved as much as the oil futures

"But rolling its contracts this way when the market is in contango --as is currently the situation--effectively means that the fund is consistently buying high and selling low thus losing money on its trades. This can lead to USO significantly underperforming the spot oil market, even when oil is enjoying a nice rally."

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Volume:
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