mplaut

Best Investments for Rising Oil

See this article:

"USO All the Drops and None of the Gains"

seekingalpha.com/artic...

for a well argued presentation of the long-term inadvisedness of holding USO and other commodity ETFs.

Although you might do okay for a while, the steady month-to-month loss in the rollovers is not good for your investment health. He also explains how sharp traders take advantage of the rollovers and make them worse.

USO started off at the same value as crude and is now about a third of its value.