Replies to post #811 on United States Oil Fund (USO)

[zsvq1p]

I agree, don't look at USO to achieve a return equal to WTIC. This is a daily follow. In fact, no ETF can follow spot WTIC price for all I know.

Funds like XLE and ERX follow energy company stock indexes, not WTIC. These do trend with oil price and I do believe are the best ETF if you beleive oil prices will increase.

Why does this ETF not follow WTIC? because is about futures, not spot.... see the below...


Comparing YTD 2011 xle, uso and WTIC..