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0.000228963938179691 0.000915855752718927 0.00171722953634793 0.00297653119633647 0.00486548368631937 0.000915855752718927 0.00412135088723525 0.00778477389811096
Stock impact report

Popular oil ETF USO plunges by about 20% at lows after halt as crude prices extend ugly drop [MarketWatch]

Intercontinental Exchange Inc. (ICE) 
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
Company Research Source: MarketWatch
Trading in United States Oil Fund LP , one of the most popular ways for retail investors to gain exposure to crude-oil futures , plunged more than 20% at its low on Tuesday, after being halted for news pending before the opening bell. The sponsor for the exchange-traded fund, USCF, says that it will suspend the creation of shares of the ETF as oil has been beaten down due to oversupply and a lack of storage. The ETF holds between 25% and 30% of the June contract for West Texas Intermediate oil. USO saw about $1.5 billion in inflows as retail investors have tried to pick the turning point for embattled oil prices, which have been slammed due to a lack of storage and price pressures amid the outbreak of the COVID-19 pandemic, according to the Financial Times.The most actively traded June contract on Tuesday was down nearly 30% at $14.89 a barrel, a day after the front-month May contract staged a historic plunge to close in negative territory for the firs time ever. USO is down more than Show less Read more
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