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United States Oil Fund LP V.USO.RT


Primary Symbol: 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 USOs collateral holdings, less USOs expenses. USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.


ARCA:USO - Post by User

Bullboard Posts
Comment by RayTeeon Sep 22, 2014 6:04pm
185 Views
Post# 22960050

RE:The thing with USO is its' use of a "CITRUS" solvent.....

RE:The thing with USO is its' use of a "CITRUS" solvent.....do you realize how crazy that statement sounds?

it may be a citrus based solvent, but you are still using it to get oil out of the sand so you can send it out for refining.

any value fluctuation should come from the price of the end product(oil).   the idea that this fluctuates with the price of citrus sounds a bit silly.

yes I acknowledge, as the price of citrus goes up, the cost of refining should go up a bit as well, but this would be an inverse relationship and probably minimal affect as you recover 98% of the solvent and reuse it in the process.

I dont see where this all is going, but this comment of yours seems strange.
Bullboard Posts