Could be the bottom of the oil price and time for folks to start taking positions is some of these oversold oilers. ROC AWE WPL STO BPT etc etc
DYOR
P.S.
United States Oil Fund, LP (USOF) is a domestic exchange traded security designed to track the movements of light, sweet crude oil (West Texas Intermediate). USO issues units that may be purchased and sold on the New York Stock Exchange (NYSE) Arca. The Company invests in futures contracts for light, sweet crude oil and other types of crude oil, heating oil, gasoline, natural gas and other petroleum-based fuels that are traded on the New York Mercantile Exchange (NYMEX), International Currency Exchange (ICE) Futures or other United States and foreign exchanges (collectively, Oil Futures Contracts). It holds interests in other oil-related investments such as cash-settled options on Oil Futures Contracts, forward oil contracts, and oil-based over-the-counter transactions. The Company is managed and controlled by its general partner, United States Commodity Funds LLC (formerly, Victoria Bay Asset Management, LLC)
