Another Tough Day for the United States Oil Fund
Posted on 04/22/2020
Oil prices dropped into negative territory in the first time in history. The May 2020 West Texas Intermediate (WTI) futures contract dropped 310% to minus US$ 38.45 per barrel by late April 20, 2020 afternoon. United States Oil Fund, LP (USO), a Delaware limited partnership plans to “invest approximately 80% of its portfolio in crude […]
