uso fund news

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Intraday Data provided by FACTSET and subject to terms of use. The fund said in an April 24 SEC filing that investors should expect “continued deviations” between USO’s performance and the WTI benchmark, in part due to the new restrictions. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Start Your Risk-Free Trial Subscription Here, Advance Auto Parts (NYSE:AAP) Growth Accelerates, Shares Fall, Pared Down WarnerMedia Makes AT&T (NYSE:T) Look a Bit More Attractive, Campbell (NYSE: CPB) Stock is a Seasonal Buy Wrapped in Stockpiling Rollback Potential, It’s Time To Lighten Up On Rockwell Automation (NYSE:ROK), Ulta Beauty (NASDAQ:ULTA): A Retail Stock Worth Watching, 3 Stocks to Buy that Can Benefit from the Vaccine News, Workhorse Group (NASDAQ:WKHS) Is The Next EV Stock You Need To Buy, GrowGeneration: A Growth Stock for the Millennial Generation, Don't Count Beyond Meat (NASDAQ:BYND) Out Just Yet, 7 Food Stocks That Are Leading Through Innovation, 7 Entertainment Stocks That Are Still Delighting Investors, 7 Clean Energy Stocks With A Bright Future, 7 Stocks It May Be Time To Take Profits On, 7 Stocks to Buy For the Current Housing Boom, 7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle, 7 Stocks That Could Provide a Year-End Rally, 8 Stocks That Robinhood Investors Got Right, 7 Stocks That Will Help You Forget About the Fed, Oil Continues Rise on Vaccine, Stockpile News, Crude Stockpiles Fell 5.1 Million Barrels: API, United States Oil Fund (NYSEARCA:USO) Shares Up 6%, Oil Down, Demand Outlook Dims as European Countries Re-Enter Lockdown, Election 2020: What a Joe Biden presidency would mean for oil, Oil Down on Probable Biden Election Victory, Oil Stockpiles Fell Nearly 8 Million Barrels: EIA, Oil Traders Should Brace Themselves for More Volatility, Oil Down, Focus on U.S. Oil Down Over Restored Output in Norway and the U.S. Oil Stockpiles Fell 3.8 Million Barrels: EIA, Oil's Losses Abound Over Supplies Swell, Weak Demand, Crude Oil Drops to Lowest in a Month as Global Recovery Stalls, Oil Flat After Laura Leaves a Weaker-Than-Expected Impact on Region’s Oil Infra, U.S. Oil Fund ETF posts best inflow in months despite SEC warning, Troubled Oil Fund Follows SEC Warning With Best Inflow in Months, Oil Ends Down as U.S. Rig Count Jumps Double-Digits, United States Oil Fund May Face Enforcement Action From SEC. Tùy chọn thời gian học trực tuyến mọi lúc, mọi nơi từ 8h đến 24h mỗi ngày với 100% giáo viên bản ngữ Âu - Úc - Mỹ trên mọi thiết bị di động. Prior to April 17, USO's purchasing guidelines were straightforward: The fund invested in "crude oil futures contracts ... in the near month contract to expire (or "front month"), except when the near month contract is within two weeks of expiration, in which case it invests in the futures contract that is the next month contract to expire (the "second month").". USO, an ETF owned and operated by United States Commodity Funds, was informed by its only Futures Commission Merchants, RBC Capital Markets, that it is prohibited from holding or buying oil futures contracts until further notice.

The USO ETF is …

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Even before oil fell to minus $37.63 a barrel on April 20, investors who concluded the rout had bottomed out rushed to purchase shares of USO to bet on a rebound. And for companies like Chevron and ConocoPhillips, which produce about 30% of their oil in the continental U.S., that outlook should worry investors. USO's investment objective is to track a benchmark of short-term oil futures contracts that closely reflect the spot price of crude oil. Jason Hall (TMFVelvetHammer)

The fund added that it might not be able to meet its objective of reflecting changes in the spot oil price. Don’t Get Burned: How to — and How Not to — Invest in Oil, Charting market resilience, S&P 500 ventures back atop 50-day average. It's yet another reason to steer clear of the oil industry for now.

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