"Oil jumps 12% amid report Saudi Arabia and Russia have reached a deal, cut could reach 20 million barrels per day."
-mantis(昏虾);
2020-4-9{454}(#172192@43)
Oil prices moved higher on Thursday as some of the world's largest producers prepare to hold a meeting on oil production policy.
energy ministers of the G20, including the US and Canada, will also meet online for a summit that could endorse and widen the production cut accord, as they seek to offset the coronavirus pandemic's impact on the oil market. The G20, which represents the world's largest economies, is chaired by Saudi Arabia this year.
The United States Oil Fund (USO) is an exchanged-traded product (ETP) that seeks to provide investment results corresponding to the daily price movements of West Texas Intermediate (WTI) light,
-mantis(昏虾);
2020-4-9{427}(#172202@43)
sweet crude oil. The United States Oil Fund is designed for short-term investors who can continuously monitor their positions and who are bullish on short-term futures contracts on WTI crude oil. Since the fund's benchmark is the WTI crude oil futures contract traded on the New York Mercantile Exchange (NYMEX), the fund may experience contango when rolling the futures contracts, which is unfavorable for long-term investors.
Np. 凡是ETP，ETN都要小心，它们不是ETF。特别描述里带short-term字眼的，建议躲着走。
-mantis(昏虾);
2020-4-9(#172203@43)
