Big Spill in USO Options

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April 20, 2009 11:37am NYSE:USO

stocks_plungeThe US Oil Fund (USO) is down more than 7%  today to trade at $27.37. The drop mirrors the fall in the commodity itself, but while the actual futures remain within the recent range, the USO exchange traded fund is now down to its lowest levels since March 16. The futures are 45% off the February low, while the USO is only 20% higher than its low.

Full Story:  http://www.minyanville.com/articles/energy-USO-oil-fund/index/a/22270/from/yahoo



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