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

United States Oil Fund LP

<< Previous

Bullboard Posts

Next >>

Post by whinnyon Nov 30, 2016 11:26pm

146 Views

Post# 25538145

Minimal price of oil

In my reading of oilsand production it is stated that a minimal price for an oilsand company to make money is $50 per bbl and many have stated $60 per bbl. So, until the price of oil gets to
those price ranges a company can't make money. (From what I have read)

<< Previous

Bullboard Posts

Next >>

Sirios Resource discovers visible gold in Quebec