Popular ETF USO drops -25%, OIL Etn -40%, UCO -56.83%

Market News 

• United States Oil Fund LP (USO) -25% Almost
• iPath Series B S&P GSCI Crude Oil Total Return Index ETN (OIL) -40.21%
• ProShares Ultra Bloomberg Crude Oil(UCO) -56.83%

IMG via Google.com/Finance

USO

US Oil Fund drops 25% 

after changing structure again as popular ETF tries to stave off collapse

https://www.cnbc.com/2020/04/21/usos-benchmark-is-the-near-month-crude-oil-futures-contract-traded-on-the-nymex-if-the-near-month-futures-contract-is-within-two-weeks-of-expiration-the-benchmark-will-be-the-next-month-contract-to-ex.html

Investors getting ‘hosed’, rude awakening

Retail investors who believed they were investing in crude oil get a rude awakening

https://www.cnbc.com/2020/04/21/retail-investors-who-believed-they-were-investing-in-crude-oil-get-a-rude-awakening.html

The biggest oil ETF is down more than 30% this week, and retail investors are getting ‘hosed’

https://www.marketwatch.com/story/the-biggest-oil-etf-is-down-more-than-30-this-week-with-retail-investors-the-biggest-losers-2020-04-21

USO Popular On Robinhood App

[ScreenCap via RobinTrack.net]

"USO"

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