RE: RE: OIL UPPossible explanation os today's action:
USO on April contract as of 9th.
HOU/HOD April contract as of 10/11/12th (7/8/9th business day of month)
These ETFs were put together to transfer risk. However, excellent to trade risky to hold.
Now that funds/etfs are in April oil traders are covering their shorts for March and beginning to focus on Apri