We suspect that as track records grow longer (remember USO the largest fund in the category only debuted in 2006, and despite its inefficiencies has still attracted a following and assets to go along with it) across Oil tracking ETPs, that there will be more adept usage by not just investment management firms but natural “hedgers” alike, including insurance companies, industries where rising/falling Gasoline and Oil prices can seriously complicate operating expenses (Airlines as the most basic example) if forecasts are off, and if sudden jolts of volatility hit the marketplace on broader “macro” events, such as what we are seeing today.
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