United States Oil Fund LP (USO)

CFD on the United States Oil Fund LP (USO)

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Exchange-Traded Fund (ETF)Market: NYSE
Country: United StatesCurrency: PNC
Trading Hours: According to marketMeasurement Unit: Contracts
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Description:

The United States Oil Fund is an exchange traded fund which provides investors with exposure to West Texas intermediate crude oil. USO is the largest and most liquid exchange traded product in the segment. The USO is listed on the New York Stock Exchange Arca and can be traded on multiple platforms.

Interesting Facts:

  • The USO tracks the prices of WTI crude oil.
  • USO is considered a high risk / high reward instrument, it is considered to be suitable for traders and speculators who believe crude oil prices are about to rebound.
  • The market value of USO has decreased in recent years due to an increase in the supply of crude oil.