This is great news. Today a new Exchange Traded Fund is opening that will track the price of Crude Oil by using derivatives such as futures and forward delivery notes.
The ticker code will be USO.
This is a new age of flexibility where investors have access to (via the stockmarket and ETFs) trading instruments and products that were generally out of their reach in the past. For example, many investors who are happy in the stockmarket want to keep well away from futures. But with ETFs they are comfortable especially as no leverage is involved.
Put the ticker USO on your quote pages and keep an eye on how much volume it does to give an idea of liquidity.
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