This fund offers exposure to one of the the world's most important commodities, oil, and potentially has appeal as an inflation hedge. USO (NYSE:USO) currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 109 ETFs in the Commodity ETFs category. The processing margin can also serve as a barometer when it comes to demand for oil-based products. Thank you for your submission, we hope you enjoy your experience, Copyright MSCI ESG Research LLC [2018]. See our independently curated list of ETFs to play this theme here. Welcome to ETFdb.com. See all Thematic Investing ETF themes   ». 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. Donations under $8K to Trump ‘election defense’ instead go to... U.S. Tech Rebounds, China's Stumbles; Oil Surges - What's up in... Consumer Prices, Disney, Cisco: 3 Things to Watch. Contrary to contango, backwardation occurs when the price of a futures contract of an underlying asset is below its expected future spot price. Retirement Portfolio Redux: Is the 60%-40% Portfolio Dead? Please note that all comments are pending until approved by our moderators. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Dow Ends Flat as Slip in Value Stocks Offsets Tech Strength, Asian shares rise on vaccine bets but analysts urge caution, Donations under $8K to Trump ‘election defense’ instead go to president, RNC. Contango occurs when the price of a futures contract on an underlying asset is above its expected future spot price. This causes negative roll yields, because investors will lose money when selling the futures contracts that are expiring and purchasing further dated contracts at a higher price. Buy, sell and hold ratings for United States Oil Fund LP (USO) stock -- includes historical recommendations and average analyst recommendations FactSet calculates the Market Cap for the basic symbol to include common shares only. Investopedia uses cookies to provide you with a great user experience. 47. Although the fund invests its assets primarily in exchange-listed crude oil futures contracts and oil-related futures contracts, such as natural gas futures contracts, the fund may also invest in swap and forward contracts. Therefore, investors planning to gain exposure to the oil market over the long term should avoid investments in the United States Oil Fund. Sign Up. USO holds predominantly short-term NYMEX futures contracts on WTI crude oil. Meanwhile, the price action in oil products suggests another level of uncertainty when it comes to the path of least resistance for the price of crude oil. To view information on how the ETFdb Realtime Ratings work, click here. On October 2, the EIA said that oil stocks rose by 3.1 million barrels for the week ending on September 27. West Texas Intermediate is the underlying commodity of the New York Mercantile Exchange's oil futures contract and one of the main global oil benchmarks. We are all together in this COVID-19 pandemic. ETFdb.com’s proprietary ETF Screener allows users to filter and screen all ETFs based on customized parameters. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at. 225 Liberty Street, 27th Floor, New York, NY 10281. United States Oil Fund The United States Oil Fund tracks daily price changes in West Texas Intermediate crude oil. Powered and implemented by FactSet Digital Solutions Group. Insights and analysis on energy focused ETFs, Insights and analysis on Real Estate, Commodities, and other alternative investment focused ETFs. 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. Such an action typically signals a stock, or exchange-traded product, in distress. 29.75, 16.88 / Consequently, investors who are bullish on oil over the long term may want to stay away from this fund due to its underperformance. As the chart shows, the price of nearby November NYMEX crude oil futures contract fell to a low for the week at $50.99 on October 3. 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. Here's what Bank of America analysts have to say about the seven best-performing S&P 500 stocks of 2020 (excluding buyouts). DOW 0.00%. 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. Thats not what you use USO for. View US Commodity Funds United States Oil Fund (USO) investment & fund information. As the chart shows, the heating oil crack spread increased from $21.56 on September 3 to a high of $27.09 per barrel last Friday. liable for your own investment decisions and agree to See our independently curated list of ETFs to play this theme here. 2 Learn more about USO on Zacks.com By using the site you agree and are held Export All Holdings to CSV with ETFdb.com Pro. As of March 13, 2020 the price of oil has steeply decline amidst the global coronavirus epidemic, trading at around $32.50 a barrel. ESG Investing is the consideration of environmental, social and governance factors alongside financial factors in the investment decision–making process. Market Data & Company fundamental data provided by FactSet. Fibocall: Our 2 Best Shorts The DIA is trading ... Did you see our overshoot levels for the S&P f... Wow, Some gap higher, so where might some resistan... 28.92 / Find out more about how we use your information in our Privacy Policy and Cookie Policy. This is why we are offering FREE 14 days TRIAL SUBSCRIPTIONS with no further commitments. Feed Stats Chart. Information contained within the fact sheet is not guaranteed to be timely or accurate. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Fact sheets are issued by the ETF provider and framed by ETFdb.com. This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category. useless story with old facts, what a waste of time to read.. should've talk more about the ETF instead of the economics of the world thats already known to everyone. Welcome to ETFdb.com. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. Economic Events and content by followed authors, www.investing.com/analysis/should-you-buy-or-sell-the-oil-etf-uso-200472022. There are mixed signals in the fund today. The heating oil futures contract is a proxy for other distillates like diesel and jet fuels. The attack was a reminder of the turbulent politics in the region of the world that is home to 50% of the world’s oil reserves. The wave of protectionist policies continues to threaten a global recession. Since the longterm average is above the short-term average there is a general sell signal in the fund. In the context of options and futures, the month closest to delivery (futures) or expiration (options). We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Sell on the Pop Prospects: October 14 Edition, This Week's Asset Class Flows: 08/25/2020, Sell on the Pop Prospects: August 19 Edition. When it comes to distillate products, the EIA reported a more substantial decline of 2.4 million barrels. The rise in the gasoline crack spread is even more impressive as we are now in the offseason for gasoline demand. Track the movement of the 11 Sector SPDRs as well as the 500 component stocks. You use options on USO instead of futures. Oil prices have been quite volatile over the past two decades, rising as high as over $110 and as low as $20. Copper’s support at above $3 per lb has been unbroken for 25 sessions in a row. A contract for the nearby month is the shortest contract that an investor can purchase. It’s the green or gray dried flowers of Cannabis sativa. It may therefore take some time before it appears on our website.

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