thanks for the heads up. Yet.............the 9% down day should have been reflected at the open and wasnt. Even now USO is down only 3%. And forget contango. This is 27 minutes of trading. So tspeaking of contango...how do you propoe we make money off of USO on it? I mean what good is bringing it up if you have no strategy to benefit? I am all ears. -)
Also the stock market closed before oil was done trading Wed. The big oil drop happened during afterhours stock trading. The drop in USO reflects the close on wed. not the afterhours pricing. USO was lower during afterhours Wed..