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USO

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1d
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1m

Analysis and statistics

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About

USO.MX refers to the United States Oil Fund LP, which is an Exchange Traded Fund (ETF) that tracks the daily price movements of West Texas Intermediate (WTI) light, sweet crude oil. The ".MX" portion of the symbol indicates that the ETF is listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores). It essentially allows Mexican investors to gain exposure to the crude oil market without directly purchasing oil futures contracts.
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Factors

Oil Price Fluctuations: USO.MX is directly tied to West Texas Intermediate (WTI) crude oil futures contracts. Price swings in WTI significantly impact the ETF's value.

Futures Contract Roll Yield: USO.MX invests in near-term oil futures. Rolling these contracts to avoid expiration can incur costs if future months are pricier, diminishing returns.

Supply and Demand Dynamics: Global oil supply levels, geopolitical events impacting supply, and shifts in demand from major economies drive price changes.

Inventory Levels: Crude oil storage levels reported by agencies like the EIA influence market sentiment and price direction. High inventories can depress prices.

Dollar Strength: As oil is priced in USD, a stronger dollar typically leads to lower oil prices, and subsequently, a lower USO.MX value.

Economic Indicators: Global economic health impacts oil demand. Strong growth often translates to higher prices, while recessions can lead to price declines.

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