Victoria Bay Asset Management, LLC has recently listed the United States Oil Fund, LP (USO) on the American Stock Exchange (Amex).
USO's returns are expected to track the price movements of West
Texas Intermediate (WTI) light, sweet crude oil.
USO will invest its assets in futures contracts for WTI light, sweet crude
oil and other petroleum-based fuels that are traded on regulated futures
exchanges in the U.S. and elsewhere and other oil interests such as
cash-settled options on oil futures contracts, forward contracts for oil,
and over-the-counter transactions that are based on the price of oil.