United States Oil Fund

The United States Oil Fund (NYSE Arca: USO) is an exchange-traded fund that attempts to track the price of West Texas Intermediate crude oil.[1][2]

History

The United States Oil Fund was founded in April 2006 by the Victoria Bay Asset Management along with the American Stock Exchange. The fund opened on its first day of trading around $68. By early 2007 it was about $49. In mid 2008, it made a high of $119/share. Then in early 2009 it set a low of $24/share. As of late 2013, it is about $34. It had a bit of a slide in the second half of 2014.

See also

References

  1. ↑ United States Oil Fund
  2. ↑ "Should Investors Drill for Oil ETFs? - Focus on Funds - Barrons.com". Barron's.

External links