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United States Oil Fund, LP (USO)

NYSE
Currency in USD
Disclaimer
78.73
+1.22(+1.57%)
Closed
After Hours
78.77+0.04(+0.05%)

USO Comments

Apparently it gets all of the downside and none of the upside. What a horrible fund.
SARS COVID-19 will be around forever. This will impact how people travel and no fossile transport should expect to recover from that fact in this decade. Will be a huge impact in oil related companies and other related assets.
Is this a good time to buy to achieve the goal of 3 or 4 dollars profit per share within a short period ??
‪Shale Drillers Face Multibillion-Dollar Hedging Crunch Amid Rout https://www.bloomberg.com/news/articles/2020-05-20/shale-drillers-face-multibillion-dollar-hedging-crunch-amid-rout‬
https://oilprice.com/Energy/Energy-General/Worlds-Third-Largest-Oil-Consumer-Sees-Very-Slow-Demand-Recovery.html
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html June contract +0.40 August +0.01 September +0.01 Enjoy our gains bears (the tail is turning negative)
 :(( i'm sorry about that man, try to do a thorough research next time... i've been trying hard to prevent people here from buying it.....
At what price we can think for buying the etf for 1-2 years horizon and what price i can expect in that period ?
now probably the time
Wti flying uso should follow
WTI July just dipped under $20, last chance to join the short club
Remember this one thing guys: Oil is not Tesla, fundamentals will play out here. If you want to bet on oil, just buy a leading oil company, they are down 50%! Why in the world do you need a vehicle which is basically a walking dead? Look on their website, it's been losing on normal contango since ages - the fund is down 93% since inception.... http://www.uscfinvestments.com/uso
😂😂🤣😂would have lost money if I followed your advice. I disagree, crude will go up, uso will go up and learn from its mistake. Better decision making from now. We've done diverging between oil n stock index, it's converging now... index down near tops and oil up near bottom. You have to be blind if u can see it
 Guys don't listen to all these bitter bagholding losers with zero analytical skills - since i started posting here USO went from $37.5 to $17.00, including a drop from $21.8 on 24 April. Oil had a small speculative rebound to $20 which gave USO some fresh air. This sucked in the last and most stupid of all investors into USO; those types deserve to lose their money.
WTI crude went up 40%+ since Monday, while USO was up about 6%. USO is saving itself right now by switching to contracts for Jul-Sep and losing on supercontango. Contracts which are further away along the futures string are less sensitive to changes in current price as they are already priced quite high. If supercontango starts normalising, it's likely that future prices converge to current ones as there is no current demand, while even if measures are undertaken, it will take some time for them to materialise and have a tangible impact on the demand crunch. If June oil drops to spot price, further strikes will follow. If prices are slow to adjust and the curve stays in supercontango, USO will be decaying from the monthly rollovers. There is no way Jul-Aug prices will go further up without current prices rising. This is just the core.
Just a note for you guys. For USO to start hovering above $3.5 area, June-August futures will have to shoot up >50% to 30s levels which is surely not happening in the next 1-2 months and maybe even until end of the year. USO will lose on supercontango for at least 2-3 more rounds.
Should see a nice rise today
Buy because it’s hit it’s bottom. A reverse 8-1 stock split will shoot the price up and you’ll make money.
reverse 8-1 means ??? just yesterday it was reverse split 1:25 again reverse?
means my 8sh will turn into 1sh and will be trading around 20$ ps
 Nothing, just a signal that they were worried about being delisted if they reached a price <1$
Chinese and Indian funds buying up oil could be a boost and Trump is trying to stop Saudi oil coming to US
Does anyone have a strategy tomorrow to deal with USO
Hi
Hi
Y only dropped 3%? Spot wti dropped over 30% today!!!
going down.
up
posible oil can climb up within 1 month?
up
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