CRUDE OIL IN CRISIS

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The SEC is looking up actions with respect to the U.S. Oil Fund as it has shown a drop since April. Wells' notice provided by the SEC limited the investment in oil contracts by showing the possibility that it will not be able to reflect a spot price. USO sold contracts for May and bought for June postponed before the collapse. However, in the following months the ETF would shift a large part of its capital to contracts with a later date. Following the suspension of new shares, distance was generated at the fund's business price and future oil access performance.


References

Nair, A. S. (19 de 08 de 2020). The ChronicleHerald. Obtenido de https://www.thechronicleherald.ca/business/reuters/united-states-oil-fund-gets-wells-notice-from-sec-486904/


This article has been written by CASULA Lucía, RODRÍGUEZ Karibay and LÓPEZ Candela.

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