%%%%%%%%%%%%%%%% LOL+ youre probably right, on oil drilling fun+ UWTI. Something else can thrill + kill=counter-trends[UWTI is mostly counter -trend past 10 years, because of WTI is mostly downtrend past 10 years.] NOT investment advice,DWTI is on a good uptrend[downtrend west TX intermediate]; actually, say mr Gartman is right+ Arabia is right to bless US with cheap oil. Unless one has plenty of profit [already]in the oil downtrend; its risky on a math basis, maturity basis. Sure it may go down more but last nickle is most expensive.....................................................................LOL
What ETF you prefer depends on whether the oil futures prices are in contango or in backwardation, and also what you think will happen in the near future if you plan to hold for more than a month. USO and USL are the two of the major oil ETFs, and understanding when one is better than the other will educate you on the whole oil ETF complex. There is nothing wrong with the ultra-shorts either especially for retail traders that can't afford complex futures positions and don't have margin accounts to be able to sell short. Just understand how the expense ratios are calculated and that will lead you to the right ones.