Oil futures are up as well, WTI is different and belongs to USA
You need to know that OOO not invest in the physical oil, it is synthetic i.e. buy contracts and roll overs the contracts into future. It never holds the oil or never keeps the contracts. When you roll over the contract if the May price is lower (which is very way down) and June is upper then when you roll over the contracts from May to June the buying power is hammered in this case and eventually will loose lot of money
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