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  • Writer's pictureRanjeet M CFTe
    • Apr 22, 2020
    • 1 min read

US Oil Fund

The US Oil fund tracks the price of #WTI crude. The one year return on the fund is -81%, in line with crude prices. The historical daily average volume on the fund was 25 million shares. April 2020 to date, that average has risen to 320 million shares. Volume on 21st

April 2020 was 1 billion shares, that’s 40 times its historical daily average. The recent volumes make it likely that US Oil has registered long term low on 21st April 2020. In the meanwhile, crude prices sees a +60% bounce in prices after touching a low of US$10 yesterday.

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