New ETF Tracks Crude Oil Prices
March 28th 2006 at 9:21am by Tom Lydon
Next Monday, a new exchange traded fund will launch on the American Stock Exchange. The ETF will track crude oil prices, allow individual investors the opportunity to bet on the commodity and trade under the symbol USO. There is still one last OK needed from the SEC to allow trading to begin, but it is a routine matter.
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