Short Oil Using The USO ETF

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June 2, 2011 12:20pm NYSE:DDG NYSE:DNO

To find out a way to short oil, the CNBC Fast Money crew looked at the United States Oil ETF (NYSE:USO) as a vehicle for the trade. They note that the USO is a terrible way to go long oil, primarily because every month when the futures roll over, you’re losing money. However, now

we reverse that and we’re looking at this global slowdown, they feel you want to be short oil.

See their ideas on how you you can use USO and use its contango to your advantage in the video below:

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