S&P 500 0.00%. Fact sheets are issued by the ETF provider and framed by ETFdb.com. The latest data on crude oil inventories in the US provided a conflicting view of the state of supply and demand for the energy commodity. The United States Oil Fund, LP fund holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. By using Investopedia, you accept our. The fund's investment objective is to provide daily investment results corresponding to the daily percentage changes of the spot price of WTI crude oil to be delivered to Cushing, Oklahoma. Real-time trade and investing ideas on United States Oil ETF USO from the largest community of traders and investors. Sign up to create alerts for Instruments, Consequently, investors who are bullish on oil over the long term may want to stay away from this fund due to its underperformance. Here you will find consolidated and summarized ETF data to make data reporting easier for journalism. For example, if it holds WTI crude oil futures contracts that expire in September 2020, it must roll over its contracts and purchase those that expire in October 2020. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month. Contrary to contango, backwardation occurs when the price of a futures contract of an underlying asset is below its expected future spot price. In April 2020, crude oil prices collapsed amid the COVID-19 pandemic to 20-year lows. While the increase in gasoline as more than the market’s estimate of 449,000 barrels, the API report was supportive of the price of crude oil.The next day, the Energy Information Administration’s report sent the price of oil lower. The heating oil futures contract is a proxy for other distillates like diesel and jet fuels. The heating oil processing spread closed the week at just under the $27 per barrel level. perhaps i should have gotten smart before investing. By doing so, you and %USER_NAME% will not be able to see Trade. When it comes to the coming months, fasten your seatbelts as Iran, and conflicting data could make volatility the best bet. With the 10-year U.S. Treasury yield hovering below 1% and Federal Reserve Chairman Jerome Powell... Investors could be forgiven to think there was no reason to invest outside of the U.S. for the... Are you getting the best rate from your broker? In the context of options and futures, the month closest to delivery (futures) or expiration (options). Are you sure you want to delete this chart? To view all of this data, sign up for a free 14-day trial for ETFdb Pro. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. View US Commodity Funds United States Oil Fund (USO) investment & fund information. Your status will be reviewed by our moderators. Your losses are our losses too. The United States Oil Fund has underperformed the spot price of WTI crude oil and has not correctly measured its daily performance over the past five years. All Rights Reserved, This article has already been saved in your, Crude Oil Post Latest EIA Inventory Report, Crude Oil Refining Cost Post EIA Inventory Report, Avoid profanity, slander or personal attacks. USO 26.47 0.69 (2.54%) NYSEArca Updated Nov 6, 2020 9:00 PM. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. If the front-month futures contract is approaching two weeks until its expiration date, the WTI crude oil futures contract expiring the following month is the fund's benchmark. Crude oil and natural gas are among commodities that have historically experienced long periods of contango. It is viewed as a less desirable form of crude oil. See the master list of all thematic investing ETF themes here. TheStreet Ratings updates stock ratings daily. Follow Real Money's Wall Street Pros to receive real-time investing alerts. Year-to-date, USO has declined -8.58%, versus a 9.68% rise in the benchmark S&P 500 index during the same period. Last week, a falling stock market and continued political drama around the world caused the price of oil to drop to the bottom end of its trading range at just over $50 per barrel. Join other Institutional Investors receiving FREE personalized market updates and research. Find the latest United States Oil Fund (USO) stock quote, history, news and other vital information to help you with your stock trading and investing. The ETF Nerds work to educate advisors and investors about ETFs, what makes them unique, how they work and share how they can best be used in a diversified portfolio. Sour crude is a type of crude oil known for its relatively high sulfur content. Trending now. The adjacent table gives investors an individual Realtime Rating for USO on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. © 1996-2020 TheStreet, Inc., Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. Learn more about USO on Zacks.com

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