Actually the underlying holdings (June WTI Futures) jumped from $11.40 to $14.15. 24%. In saying that the share price didn't exactly meet the NAV on close yesterday.
I thinks its a great idea OOO has changed from 1 month forward to 3 months forward. It may not increase chance of a share price gain but it will reduce rollover costs as the gap expands leading to futures expiry.
OOO Price at posting:
$19.36 Sentiment: None Disclosure: Held