USO

United States Oil Fund, LP

Energy


Presented:01/07/2014
Price:$33.57
Cap:$0.62B
Current Price:$72.76
Cap:N/A

Presented

Date01/07/2014
Price$33.57
Market Cap$0.62B
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S18.60M
Ave Daily Vol5,580,000
Short IntN/A

Current

Price$72.76
Market CapN/A
United States Oil Fund LP is an exchange traded product launched and managed by United States Commodity Funds LLC. The fund invests in the commodity markets of the United States. It takes long and short positions and also uses futures contract to invest in light, sweet crude oil. The fund employs market neutral investment strategy to create its portfolio. It seeks to track the daily performance of the spot price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire. United States Oil Fund LP was formed on May 12, 2005 and is domiciled in the United States.

Highlights

The presenter is bearish on the outlook for oil prices based on supply/ demand dynamics in 2014. Her fund recently reduced exposure to the energy industry by one-third due to the belief that global supply will likely tick higher as recent outages and issues in countries such as Nigeria, Syria, Libya, Iran and Iraq (among others) are resolved. Collectively, the issues experienced in the aforementioned countries account for 3 million barrels of oil per-day.

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Idea Discussion

Commentor 1 - 2 weeks ago

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