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Bullboard - Stock Discussion Forum United States Oil Fund LP USO

The investment seeks the daily changes in percentage terms of its shares per share NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the Benchmark Oil Futures Contract, plus interest earned on... see more

ARCA:USO - Post Discussion

United States Oil Fund LP > Nail being driven deeper
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Post by ufoolme on Apr 28, 2020 3:56am

Nail being driven deeper

USO will roll their June futures contracts today to longer term.  They have not said which one, but you can be assured it will cost them.  With June at between $8.00 and $10.00, expect it to cost them between $5 abd $10 per to roll.  So expect USO to trade as a penny ETF before the end of the day today.
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