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USE

$--
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1d
1w
1m

Analysis and statistics

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About

USE.US represents the United States Oil Fund LP, an exchange-traded fund (ETF) designed to track the daily price movements of West Texas Intermediate (WTI) crude oil. It primarily invests in near-month WTI crude oil futures contracts, aiming to reflect the performance of crude oil prices before expenses and liabilities. Investors often use this fund to gain exposure to the oil market without directly purchasing and storing physical oil. However, it is important to note that due to the nature of futures contracts and potential roll yield issues, its long-term performance may significantly deviate from the spot price of oil.
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Factors

Underlying Asset Performance: USE.US tracks a specific index. Its price mirrors the performance of the underlying assets in that index.

Supply and Demand: High demand drives the price up, while increased selling pressure pushes it down. This reflects investor sentiment.

Expense Ratio: Higher expense ratios slightly detract from overall returns, influencing the price indirectly over time.

Interest Rates: Changes in interest rates can impact the attractiveness of fixed-income assets within the ETF, affecting its price.

Market Sentiment: Overall market optimism or pessimism heavily influences investor appetite for the ETF, thus impacting its price.

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