The story reports a prediction of higher oil after reserve releases end, but releases continue and oil futures were falling at publication. It shows no confirmed change for USO.
That forecast depends on reserve releases ending and inflation pushing the dollar down. The article says the United States was still offering reserve oil, so that supply change had not happened. It also reports WTI and Brent oil prices falling at publication time, unlike Schiff's forecast. The story gives no confirmed change for USO.
The story reports a prediction of higher oil after reserve releases end, but releases continue and oil futures were falling at publication. It shows no confirmed change for UCO.
Follow United States Oil Fund (USO) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for USO