Shares of the United States Oil Fund surged final 7 days, capping a phenomenal operate in recent weeks that considerably outpaced meager gains in the rate of oil.
USO (ticker: USO), which holds in excess of $2 billion in assets, was up much more than 26% for the calendar year, after enjoying a 5.2% bump last 7 days. The surge comes even with a mere 4.6% calendar year-to-day get in the spot selling price of
West Texas Intermediate crude oil
which surged earlier mentioned $130 a barrel immediately after the Russian invasion of Ukraine, but has since fallen to near at $79.65 on Friday.
Shares of the United States Oil Fund surged final 7 days, capping a phenomenal operate in recent weeks that considerably outpaced meager gains in the rate of oil.
USO (ticker: USO), which holds in excess of $2 billion in assets, was up much more than 26% for the calendar year, after enjoying a 5.2% bump last 7 days. The surge comes even with a mere 4.6% calendar year-to-day get in the spot selling price of
West Texas Intermediate crude oil
which surged earlier mentioned $130 a barrel immediately after the Russian invasion of Ukraine, but has since fallen to near at $79.65 on Friday.
