United States Oil Fund

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The United States Oil Fund (NYSE ArcaUSO) is an exchange-traded fund that attempts to track the price of West Texas Intermediate Light Sweet Crude Oil.[1][2]

History[edit]

The United States Oil Fund was founded in April 2006 by Victoria Bay Asset Management, now known as United States Commodity Funds,[3] and the American Stock Exchange. The fund opened on its first day of trading at about $70 per share. By early 2007, it was at approximately $50 per share. In mid-2008, it peaked at $119 per share. Then in early 2009, it set a low of $24 per share. In late 2013, it was at about $34. The price slid in the second half of 2014, and went below $10 per share in early 2016.[4][citation needed]

See also[edit]

References[edit]

  1. ^ United States Oil Fund
  2. ^ "Should Investors Drill for Oil ETFs? - Focus on Funds - Barrons.com". Barron's. 
  3. ^ http://www.institutionalinvestor.com/article/1961582/Research/4025/Overview.html
  4. ^ "USO Quote - United States Oil Fund LP". Bloomberg.com. Retrieved 2016-02-17. 

External links[edit]