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  • S&P 500: 1,070.52
  • Change: 1.30%
$36.21 1.12 (3.19%)
2/9/2010 4:00 PM

United States Oil Fund LP (ETF) (USO)

CAPS Rating:
***

The Fund is a commodity pool issues units that may be purchased and sold on the American Stock Exchange. It engages in the speculative trading of futures contracts and options on futures contracts.

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What the Community Thinks

Total Members

1091 Outperforms
169 Underperforms
 

All-Stars

329 Outperforms
42 Underperforms
 

Wall Street

2 Outperforms
1 Underperforms
 

Members bullish on USO are also bullish on:

Members bearish on USO are also bearish on:

Ticker Tags

Natural Resources Funds (33), ETF (Exchange Traded Fund or Note) (1456), Sector Equity (397), Oil & Gas Contracts (3), Small Cap (1645)
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United States Oil Fund LP (ETF) At A Glance

Current Price: $36.21
Last Trade Time: 2/9/2010 4:00 PM
Open: $35.54
Previous Close: $35.09
Daily Range: $35.33 - $36.33
52-Week Range: $22.74 - $41.92
Volume: 12,642,442
Market Cap: $1.90B
P/E Ratio: 2.21
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Stock Trends

USO VS S&P 500 (SPY)

News & Discussion Boards

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Top Bull Pitch

Recs

1

United States Oil Fund LP (ETF) (USO)

Avatar directd (98.42) Submitted: 3/17/09 12:03 AM

At these levels, I'm going in and will not even consider selling until I make a 100% profit -- which is oil at about $80-90 a barrel. A sure bet once the economic recovery gets underway.

If someone put a gun to my head and told me that I couldn't diversify and pick only one sector that you KNOW wil...More

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Top Bear Pitch

Recs

2

United States Oil Fund LP (ETF) (USO)

Avatar djmdesenne (< 20) Submitted: 6/10/09 11:49 AM

Short USO now. Oil prices at $70 a barrel are way ahead of demand and way ahead of any sustainable recovery. A correction is inevitable, if not this summer then soon after Labor Day weekend brings vacation travel season to a close.

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Recs

0

 (USO)

Avatar TepperJason (47.56) Submitted: 1/25/10 9:06 AM : Outperform Start Price: $36.50 USO Score: 1.92

Oil will hit 120 this summer.

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Recs

0

 (USO)

Avatar jerryguru69 (98.14) Submitted: 12/21/09 8:15 PM : Underperform Start Price: $39.43 USO Score: 22.71

I give credit to whichever business writer noted that a high price of oil has the same effect on the economy as an increase in tax rates. Consider, for a moment, what would happen if an increase in payroll withholding taxes, sales taxes, or a new VAT tax where suddenly created? Economic activity would go down. High oil prices have the same economic effect.
Oil at $80 a BBL makes sense if GNP and inflation were humming along at +5% per year. But we are in the second biggest depression in a century. What is propping up prices?
1) weak dollar
2) speculation
Whatever, a near term collapse in the price of oil seems to be in the cards. Once the Fed begins to raise rates, the dollar will strengthen, and the price of oil will shrink.
Besides: this journalist also noted, very cleverly I thought, that a high price of oil was followed in short order by a significant recession. The current price of $80 for oil is surely a drag on the US economy, and it won’t get better until the price of oil collapses.

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Recs

0

 (USO)

Avatar Cubbob (24.63) Submitted: 11/27/09 8:26 PM : Outperform Start Price: $38.16 USO Score: -3.00

Unfortunately, we live in an unstable world. They are too many complex world social issues and too many "crazies" in power in areas that control oil flow. World demand is also increasing in India and China. Oil will continue to increase in price over time until a new source of energy is found.

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Recs

0

 (USO)

Avatar AceBull (79.59) Submitted: 11/03/09 2:02 PM : Outperform Start Price: $40.60 USO Score: -13.13

OIL, soon we will see a barrel of oil break through $100. Once this occurs there will be some profit taking for a while, but soon afterwards, go to $120. China is also building massive inventory supplies to store oil. I wonder what this means?

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Recs

0

 (USO)

Avatar WPThatcher (79.10) Submitted: 10/23/09 4:04 PM : Outperform Start Price: $41.30 USO Score: -11.42

I missed out when oil was in the $40s. That won't happen this time.

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Pick
Member NameMember RatingStart
Date
CallTime FrameStart
Price
Stock
Gain
S&P
Gain
ScorePitch
TrackJimCramer < 20 02/23/09 Underperform 3W $23.32+55.27%+46.18%-9.10
TrackJohnKeeley < 20 03/31/08 Outperform NS $81.36-55.49%-15.75%-39.75 Toggle the visibility of 60-Second Pitch and replies
TrackGaryBSmith 74.46 03/07/08 Outperform 3W $83.73-56.75%-13.85%-42.90

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