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USL

$--
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1d
1w
1m

Analysis and statistics

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About

USL.US refers to the United States Oil Fund LP, a commodity pool ETF that tracks the daily price movements of West Texas Intermediate (WTI) light, sweet crude oil. It's designed to reflect the changes in percentage terms of the spot price of WTI crude oil. The fund invests primarily in near-month futures contracts on WTI crude oil, and to a lesser extent, in other oil-related futures contracts, cash, and cash equivalents. Investors often use USL as a way to gain exposure to the price fluctuations of crude oil without directly investing in the physical commodity. However, it's important to understand that due to factors like contango (where futures prices are higher than the spot price), the fund's long-term performance may deviate significantly from the actual spot price of oil.
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Factors

Underlying Assets: USL's price mirrors the performance of front-month WTI crude oil futures contracts.

Supply and Demand: Increased investor demand can drive up USL's price, while increased selling pressure can lower it.

Roll Yield: Contango (futures price higher than spot) can erode returns as USL rolls contracts, negatively impacting its price. Backwardation (futures price lower than spot) can boost returns.

Market Sentiment: Overall investor optimism or pessimism towards the oil market can influence USL's price.

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