USO Rollover for April

USO rollover of oil contracts (May futures) this month occurs April 7, 8, 9 and 13 (assuming there is no trading on Good Friday).

This is what happened last month with USO prices during rollover:




The first rollover day was March 6. You can see that during the first two days of rollover there was an actual increase in the price of USO, but then it dropped sharply the following two days. The first blue-shaded line is what happened after the rollover was completed, another big up day.