People still love to trade the U.S. Oil Fund (USO), but given a 19% rise since the beginning of...


People still love to trade the U.S. Oil Fund (USO), but given a 19% rise since the beginning of 2009 vs. a 123% rise in front-month WTI futures, why is it still managing $1.6B (contango or no)? By contrast, the younger U.S. Brent Oil Fund (BNO) is matching up better.
From other sites
Comments (2)
  • nightfly
    , contributor
    Comments (1015) | Send Message
     
    No options available doesn't help not to mention, no volume. Too risky for me.
    12 May 2011, 01:32 PM Reply Like
  • kmi
    , contributor
    Comments (4607) | Send Message
     
    People sit in this thinking they are 'hedging' dollar devaluation....

     

    Sitting on all this oil means a virtually permanent premium to oil for consumers. Sucks.
    12 May 2011, 02:23 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs