if oil went to 150 a barrel, and then just stayed there for a year basically never moving
would USO also never move for a year (after going up to match the 150 oil) ?
i think thats how it works right. or am i wrong. im assuming USO tracks the price of oil basically. just like how GLD tracks the price of gold. if gold doesnt move in value for a year, then GLD will just be flat for a year
so if oil stayed high, but the same price, for 1 year. then would USO just stay flat for that year?
question about USO . if anyone knows the answer
byu/tripsho instocks
Posted by tripsho