Among futures-based oil exchange-traded products, the United States Oil Fund LP (ETF) (NYSE: USO) gets the most attention. USO tracks front-month West Texas Intermediate futures, the U.S. benchmark oil contract.
USO And BNO
However, Brent futures are the global oil benchmark contract. Fortunately, USO has a Brent-based cousin, the United States Brent Oil Fund, LP (NYSE: BNO). And yes, there can large discrepancies in returns between BNO and USO. Just look at the past 90 days. USO's nearly 20 percent gain over that stretch sounds impressive until seeing that BNO is higher by more than 40 percent over the same period.
After BNO's recent surge, there is plenty to ...
/www.benzinga.com/trading-ideas/long-ideas/16/04/7854148/betting-on-the-brent-etf-watch-these-factors alt=Betting On The Brent ETF? Watch These Factors>Full story available on Benzinga.com
More...