$39.29
0.77 (+2.00%)
United States Oil Fund LP (ETF) (USO)
CAPS Rating:
The Fund is a commodity pool issues units that may be purchased and sold on the American Stock Exchange. It engages in the speculative trading of futures contracts and options on futures contracts.
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Based on the Saudi's weak response to rising oil prices, conflict in Nigeria, the possible threat of Israel invading Iran, a weak dollar/US economy, increased global demand, the threat of outages from hurricanes, etc. I would anticipate that oil can go in only one direction: UP!!! Our country must start utilizing alternative energy sources such as wind, solar, natural gas, and coal as soon as possible. I would rather be wrong on this call, but I don't see any direction but up for oil and natural gas.