In 2018, oil price dropped on talk of increased global supply, slowdown in economic growth and decreased again in 2019 due to COVID-19. If the States prepare to re-opens businesses, prices could go up to 50% - 65% from $17 to $35 and then, slightly fall to 20% if the number infection people are still increasing.
@princessgillian2002 can hit to $40-$60 per share if they pass $35
ari718
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This etf is a complete scam!!! 2x down when oil falls, 0.5x when oil rises... these fund managers should be in jail
RotanaEQ
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@ari718, oil fund may differ from 2x or -2x, as applicable, of the daily performance if its benchmark. It is true that we need to be careful because this fund isn't an investment company regulated under the investment company Act of 1940 and is not afforded its protections.
andynowak1
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@ari718 Well, here is a little secret: pay attention to UKOIL and USOIL. Those two are very closely related to what is happening to UCO - pre-emptively.