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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

Comment by RayTeeon Jan 05, 2016 10:37am
92 Views
Post# 24430193

RE:Huge volume

RE:Huge volume
There is always high volume for stocks near year end. If the stock went down, people sell, then rebuy to lock in any capital losses (for tax purposes). Quite often this is done to offset capital gains in other investments to minimize tax. Also, we are getting close to production time, so I'd expect more volume going forward now that the New Year has come and gone.
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