USO, also known as the United States Oil Fund, is a common security traded by investors. Its shares are sold on the NYSE Arca and it is an ETF that measures the daily price movements of West Texas Intermediate (“WTI") crude oil.
It’s important to note that USO is referred to as the most liquid and biggest oil ETFs in the market. For this reason, it is highly attractive to short-term traders who are actively trading crude oil.
It’s also worth noting that the USO is handy in capturing the performance of the near-term oil futures market at an affordable price.
With our latest tools and technology, you can effortlessly trade USO at Almahfaza. We provide traders with a responsive platform to easily and quickly open and close trades. Traders can also take advantage of Almahfaza’s educational tools and charts that can help making better trading decisions.