Brad Foss (AP) points out that the new Oil ETf (USO) is aimed at those pining to profit from the multiyear surge in
oil prices is distressing energy and stock-market experts because of
the allure and risks it presents to average investors.
The United States Oil Fund, an exchange-traded fund that is expected
to debut Monday and whose per-share value is designed to mimic the
price of crude oil futures, is most appropriate for savvy institutional
investors and may be OK for a small cadre of consumers looking to
diversify their portfolios.
But that won’t hold people back. If you do dive into the oil patch, be sure to have a stop-loss set ahead of time.