United States Oil Fund (USO) Halted, News Pending
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United States Oil Fund (USO) provides update on portfolio of crude futures contracts
April 24, 2020 2:11 PM EDT(Updated - April 24, 2020 2:13 PM EDT)
United States Oil Fund (NYSE: USO) disclosed:
United States Oil Fund, LP (USO), a Delaware limited partnership, announced previously in Forms 8-K filed on April 17, 2020, April 21, 2020 and April 22, 2020, respectively, that USO intended to invest in other permitted investments, beyond the Benchmark Futures Contract, as described below and in its prospectus.
Previously, as of April 22, 2020, in response to ongoing extraordinary market conditions in the crude oil markets, including super contango (a higher level of contango arising from the overabundance of oil being produced and the limited availability of... More
