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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.
Comments (2)
  • nightfly
    , contributor
    Comments (1017) | 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 (4023) | 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
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