Indexfundfan\’s blog (new URL is Indextown.com)

April 10, 2006

Crude oil ETF starts trading

Filed under: Finance — indexfundfan @ 2:15 pm

The first crude oil-based ETF (ticker USO) started trading today on the American Exchange. This ETF is designed to track the price of U.S. benchmark crude oil and would probably become a hot favorite among “black-gold bugs”.

The figure shows the trading action for this first day. A substantial 3.8 million shares were traded.

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