Friday, February 20, 2009

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.

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