Update on USO and March Oil Contracts

Re. USO Beware post, here is what happened by the end of the day yesterday.

March oil contracts finished up 14.04%.
USO finished up only (relatively speaking) 6.21%
UCO (the 2X ETF) finished up only 11.97%

Again, this was due to the rolling over to April contracts. Investors in USO badly missed on the price increase.




Here are the prices as of 10:30AM today. Remember March contracts expire today.