“Although its tracking is not perfect, the simplest reason to own U.S. Oil Fund is that you believe oil prices are going up, as this fund aims to replicate the price performance of light, sweet crude oil delivered to Cushing, Okla,” said Morningstar’s Abraham Bailin in a recent analyst report on the $1.9 billion ETF.
“Keep in mind, however, that this fund will not track spot oil prices when the futures curve is behaving abnormally,” he added.
U.S. Oil Fund
