USO and rival oil exchange traded products are some of the worst-performing commodities funds this year and that is saying something given investors’ rejection of commodities as an asset class. With 2016 drawing near, commodities investors should temper expectations for a legitimate oil rebound next year. In fact, some analysts see more downside ahead for crude. [Leveraged ETFs Are Popular Plays Among Swing Traders]
“The number of outstanding contracts — or open interest — below $30 a barrel is relatively small. But the open interest for June 2016 put options at $25 a barrel has nearly doubled over the last week,” according to Bloomberg.
United States Oil Fund
