Look at this chart
Do you understand anything? Let's look at the same chart for the GLD ETF
Makes more sense, right? USO has been in the news lately with a reverse split, the ETF changing its own rules so that it doesn't have to receive oil deliveries. And the number of people investing in USO have been increasing at a very rapid rate. For many people investing in USO is betting on oil prices. Is that really the case?
Is USO a good investment or just a scam? Read the full analysis on my research partnership: https://ishfaaqpeerally.teachable.com/courses/662813/lectures/16534751
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