Oil ETF Funds - Buy, Hold or Sell? Chart, News, Analysis, Strategies, Discussions, and More

U.S. Oil ETF and other oil ETFs are among most traded commodity ETFs. We provide charts, news, discussions, trading ideas and strategies for success.

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Symbol Name Expense Assets* Leverage Inverse Chart
USO United States Oil Fund 0.78% 1,120,000
DBO PowerShares DB Oil 0.54% 551,550
UCO ProShares Ultra DJ-UBS Crude Oil 0.95% 311,360
USL United States 12 Month Oil 0.60% 183,910
SCO ProShares UltraShort DJ-UBS Crude Oil ETF 0.95% 144,200
BNO United States Brent Oil 0.75% 76,570

* Assets (Net) are express in thousands of U.S. Dollars. Last update: 04/04/2012

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Last Trading Idea Based on Technical Analysis

Wed, 04 Apr 2012 - By MPTrader.com - Subscribe to MPTrader Services, Free 15-Day Trial

Oil Under Pressure

Let's notice that today's swoon in nearby NYMEX crude oil has pressed to a new corrective low at 101.49 off its March 1 high at $110.55. It just so happens that this morning's new low for the move has not been confirmed by my 4-hour RSI momentum gauge, which is our first warning signal that the selling pressure might be drying up for oil and the U.S. Oil Fund ETF (USO). That said, the financial press continues to trumpet the idea that the U.S., France, U.K., and now Japan are ready to release oil jointly from their petroleum reserves (SPR's) in a coordinated intervention effort to drive down the price of global gasoline. That threat appears to be getting more intense, and with the price of NYMEX oil already under pressure on the way to $100, my suspicion is that the "authorities" just might use the market's weakness to assist in the efficacy of intervention -- to make sure that oil breaks $100 -- to achieve publicity. Should such a scenario unfold, then nearby oil will project into the $98-$95 target zone next.

 

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About Oil ETF Exchange Traded Funds

Crude oil is next to precious metals a very popular ETF trading commodity. We present largest five Exchange Traded Funds with crude oil as underlying. Notice their features in the table. Some ETFs are long, other inverse and/or leverage. Something for everyone's trading needs.

Oil ETF Descriptions

United States Oil Fund (USO) - The investment objective of USO is for the changes in percentage terms of its units' net asset value ("NAV") to reflect the changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange (the "NYMEX"), less USO's expenses.

PowerShares DB Oil (DBO) - The PowerShares DB Oil Fund is based on the DBIQ Optimum Yield Crude Oil Index Excess Return and managed by DB Commodity Services LLC. The Index is a rules-based index composed of futures contracts on Light Sweet Crude Oil (WTI) and is intended to reflect the performance of crude oil.

ProShares Ultra DJ-UBS Crude Oil (UCO) - ProShares Ultra DJ-UBS Crude Oil seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones UBS Crude Oil Subindex.

United States 12 Month Oil (USL) - The investment objective of USL is to have the changes in percentage terms of the units' net asset value reflect the changes in percentage terms of the price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the average of the prices of 12 Futures Contracts on crude oil traded on the New York Mercantile Exchange (the "Benchmark Futures Contracts"), consisting of the near month contract to expire and the contracts for the following eleven months, for a total of 12 consecutive months' contracts, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contracts that are the next month contract to expire and the contracts for the following eleven consecutive months, less USL's expenses. When calculating the daily movement of the average price of the 12 contracts each contract month will be equally weighted.

ProShares UltraShort DJ-UBS Crude Oil ETF (SCO) - ProShares UltraShort DJ-UBS Crude Oil seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones UBS Crude Oil Subindex.

United States Brent Oil (BNO) -

 

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