USO is one way in many to speculate in the Crude Oil market. It doesn't track oil as a direct correlation to the movement of oil futures, as you can see, but is still very popular among both amateur and professional traders.Personally I like trading USO. UCO is another favorite, but lately it seems I've been getting good movement from USO calls following crude into the future. That's not to say it's a good idea, just working for me lately as the ships fill up and oil futures are being sold forward. Shippers to are benefiting.
It just makes sense that as the economy starts to turn positive, if that in fact is happening, that Oil is going to rise again as demand increases.
Here's a short video from Market Club showing one strategy for USO.
