Oil Surge Stirs USO Options Activity
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 [...]