USO vs Crude

Discussion in 'ETFs' started by JayhawkTrader, Oct 6, 2012.

  1. Why are shares of the ETF USO trading so low vs crude oil, compared to 2008.

    Let me explain:

    In late 2008 I bought 20 shares of USO for $67.00 and Crude was trading at $90.00.

    Today USO is trading around $33 and Crude is trading back up to around $90. This means USO is trading at half what is was in 2008.

    This make no sense to me. My USO shares are down over 50% and Oil is trading where it was when I bought the shares of USO in 2008. Price at the pump is even higher.

    Can anyone explain this?
  2. 2rosy


  3. jb514


    Sorry you took a good loss, but this is pretty funny