Brent down $2.48 as of this moment & WTIC about $0.83...should go lower when market
opens on Monday.
This is true....I saw it on Japanese news.
Crude will drop like a rock on Monday......It's not factored in. No way it can.
On Thursday, brent went up too much.
Noticed gasoline demand is rising the last 2 weeks.
Not so sure but think market will still be range bound.
Year end rally may come after Black Friday soon.
Just my 2 cents.
I'm thinking 92 & perhaps 85 area.....not sure though.
It seems to have relaxed at 93 & a deadcat bounce to 94.
Thinking it may bottom on Thurs....Lots of econ data coming out on
Friday, so it may pop up.
Because of contango & backwardation.
USO price is determined by the number of contracts it can buy
when it rollovers to the next month. Read the prospectus for
In any ETF, price decay & cost are always a nusance you must factor in.
It is a trading vehicle, not an investment like stocks.