DTT Buzz

Yesterday United States Oil Fund (NYSE:USO) closed at $95.08. It topped at $95.78 before closing at $95.08. It is very possible that we will close higher today than it did yesterday, making it the highest closing ever! This is great information to hear if you are invested in USO, but bad for the rest of us, who have to deal with higher and higher prices at the pump. Take a look at the 1 year chart of USO.

If the trend continues, there is one bright side. Trading in USO! It doesn't look like oil prices will be cooling off any time soon. So USO has the potential to be a great day trade. Keep an eye on oil prices, as painful as it may be. There is one advantage to these high prices, trading long in USO!

Megan Grant

Day Trade Team Intern