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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

Post by sceniccarpon Jun 03, 2016 10:06pm
134 Views
Post# 24933650

Gamble.

Gamble.Maybe, just maybe this is a longshot bet at these levels. I would throw 2-5 thousand at this only after a few drinks loosened up my judgement. Oil is still under 50 bucks. Not enough to make anyone of power invest in this company.This will be a Bellagio craps table bet at best for the next year. If oil does not go throught the 80 dollar level by year end, this company is history.
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