Most traditional investors who either buy and sell stocks and mutual funds that like to follow the price of gas or crude oil usually monitor the oil stocks or look at the worldwide commodity prices for either Brent or Light Sweet crude. Although the price of gas typically follows the path of Light Sweet Crude within 24 hours of the previous days market closing, there is something about a stock like Exxon that drastically fluctuates at the cent change a gallon of gas on the commodity exchange. Well, if the aforementioned don’t fit to your liking, I suggest you take a long hard look into USO!

No, not Bob Hope’s program. The United States Oil Fund ETF. Now now, calm down. Some of us don’t really care for ETFs and the volitality of them, but you really need to look at the graph for USO. Anything dealing with oil or gas is volitale, but this ETF is a lot less up and down if you catch my drift. USO is the ticker and is NOT diversified, stricktly Texas Light Sweet Crude, nothing more and nothing less. With investments of half a billion dollars, the directors of this ETF are avidly buying and selling oil contracts.

Click here for a Quote of USO

I do not own any shares of the USO fund, but have been monitoring it and found it to be quite an exciting ETF.

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Filed under: Investments