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 > Down 8.7% today

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Comment by RayTeeon May 16, 2017 1:11pm

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Post# 26250449

RE:RE:Down 8.7% today

AMCO has an awful lot invested here.

They wont let the company go under unless they obtain evidence that the technology does not work.

Given the test facility results I'm inclined to say the odds that this does not work are extremely slim.

I think the largest hurdle has always been the financing. so unless AMCO runs out of money, I think we will be okay.

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