NEW YORK ( ETF Digest ) -- Oil prices in Europe have fallen modestly on more debt and economic growth worries. But Brent crude is only down a little over 50 cents and the same is true for WTI (West Texas Intermediate) in electronic trading in the U.S.The United States Oil ETF (USO) is the most popular by assets pure oil ETF. Pitfalls with using it include contango and backwardation issues which can skew prices. Contango is the result when front month futures contracts are higher than longer-dated contracts while backwardation is the opposite.
ETF Focus: USO
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