OilBob

Light and Sweet: Oil ETFs Ranked

Hi Will McClatchy,

This is very good article. I'd like to time the market by buying Oil ETF when current spot price of Oil is low and sell when it's high.

I bought USO on 12/19/2008 when spot price of Oil was about $33 for January contract. Unfortunately, USO was not reflecting spot price of oil (January Contract). Since 12/19/2008 USO has lost value while spot price of oil has gone up to $39.

Why USO is not reflecting current spot price of oil?

How to derive USO price and how to trade USO to time the market?

Is there any other Oil ETF which would closely track current spot oil price?

Thanks.