USO has been beset by terrible obstacles as the OPEC-plus structure breaks down, and Russia and Saudi Arabia look for ways to get the US into the global oil policy fold.The "Bounce of Hope" is up against tough odds here, and the COVID-19 lockdown theme continues to destroy demand. Be wary of hope.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.