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Reader Beware -
Jan 13 18:54 pm
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All Comments by jgonion »Despite Oil's Slippery Slope, Consider USO [View article]
With the futures markets for oil trading in contango, investments in futures-based ETP's are penalized for the degradation of the forward-month contract price, on top of any up/down movements in oil prices.
Until the oil futures start trading in backwardation, investors can get exposure to oil through UOY/DOY ETN's which will not suffer the contango-tax that comes from rolling futures contracts in this market.
One caution, the volumes are pretty-low, but since oil is a very liquid market (no pun intended), these funds track surprisingly well for having such low trading volume.