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The United States Oil Fund is an exchange-traded fund (ETF) that attempts to track the price of West Texas Intermediate Light Sweet Crude Oil. [1] [2] It is distinguished from an exchange-traded note (ETN) since it represents an ownership claim on underlying securities that the fund has packaged. [3] USO invests in oil future contracts that are ...
United States Oil (USO) This ETF aims to track the daily price movements of light sweet crude delivered to Cushing, Oklahoma. However, it does not directly hold oil but instead uses futures to try ...
History. United States Commodity Funds LLC is an issuer of exchange traded commodity products (ETPs). It was founded in 2005 in Alameda, CA. The first fund it launched, in 2006, was United States Oil Fund, LP. USO was the first commodity ETF based on crude oil launched in the United States. USO was the fourth commodity ETP launched in the ...
The United States 12 Month Oil Fund LP is about as straightforward of an ETF as you can find. All that USL does is track the price movements of West Texas Intermediate light, sweet crude oil ...
To get a sense of how oil stocks are performing on any given day, watch funds like the United States Oil Fund, which invests in oil futures contracts. Alternatively, search stock quotes for ...
List of Superfund sites. A map of Superfund sites as of October 2013. Red indicates currently on final National Priority List, yellow is proposed, green is deleted (usually meaning having been cleaned up). Superfund sites are polluted locations in the United States requiring a long-term response to clean up hazardous material contaminations.
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Although the US proved oil reserves grew by 3.8 billion barrels in 2011, even after deducting 2.07 billion barrels of production, only 8% of the 5.84 billion barrels of the newly booked oil was due to new field discoveries (US EIA) Within the petroleum industry, proven crude oil reserves in the United States were 44.4 billion barrels (7.06 × ...