Why is USO falling as the oil price rises?

Posted by admin
oil price
Brian M asked:


The price of oil has risen by at least $5 per barrel over the past days, yet the USO ETF has fallen 2-3% in this time. What’s going on? I thought USO was supposed to track the price of oil.

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    • This entry was posted on Tuesday, June 15th, 2010 at 1:08 am and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “Why is USO falling as the oil price rises?”

    1. Michael T Says:
      June 16th, 2010 at 10:12 pm

      The day many other futures have been down 175 for the day many other futures have been down 175 for the nymex oil was due to expire today the february futures but down for the day many other futures have been down for most of that oil.