Oil Surge Stirs USO Options Activity

MarketsETF Trends

This article was originally published on ETFTrends.com.

The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, jumped 5.6% as oil prices shot to multi-year highs. There are signs traders are expecting oil exchange traded products, such as USO, to notch more near-term upside. The expanding global economy has increased demand for commodities and drawn down oil [...]

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