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Well, I need to do more research but it looks like DBO has performed better lately while there has been contango. Don't know if it's always going to be that way. Also, USO can be a problem when the futures market moves into contango.
Jan 30 10:35 am
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All Comments by Gary Lucido »Oil ETFs and ETNs: More Complicated Than You Think [View article]
On Jan 30 08:38 AM tradetime wrote:
> Have you looked at USL, it's run by the same person / people as USO
> but invests in a 12 month range of contracts, if you compare over
> long term with USO on a percentage basis I think you'll find it performs
> much better in contango