ETF

Crude oil ETF starts trading

2006-04-10-uso-starts-trading.PNG

The first crude oil-based ETF (ticker USO) started trading today on the American Exchange. This ETF is designed to track the price of U.S. benchmark crude oil and would probably become a hot favorite among “black-gold bugs”.

The figure shows the trading action for this first day. A substantial 3.8 million shares were traded.