When buying this ETF, you need to understand you're investing in futures prices and not the current spot price. However movements in the current spot price will impact the futures prices. So assuming spot prices increase from their current level ($15ish) you should see a gain in the OOO NAV, and vice versa. As others have stated, do your research and remember that oil is extremely volatile right now. Good luck!
OOO Price at posting:
$19.36 Sentiment: None Disclosure: Held
