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The United States Oil Fund (NYSE Arca: USO) is an exchange-traded fund that attempts to track the price of West Texas Intermediate Light Sweet Crude Oil.
Video United States Oil Fund
History
The United States Oil Fund was founded in April 2006 by Victoria Bay Asset Management, now known as United States Commodity Funds, and the American Stock Exchange. The fund opened on its first day of trading at about $70 per share. By early 2007, it was at approximately $50 per share. In mid-2008, it peaked at $119 per share. Then in early 2009, it set a low of $24 per share. In late 2013, it was at about $34. The price slid in the second half of 2014, and went below $10 per share in early 2016.
Maps United States Oil Fund
See also
- SPDR Gold Shares
- Price of petroleum
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References
src: static.seekingalpha.com
External links
- Yahoo Finance page for USO
- http://www.etf.com/USO
Source of article : Wikipedia
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