TAKING PROFITS ON THE LOW RISK OIL TRADE: UNITED STATES OIL FUND LP (USO) AND UNITED STATES BRENT OIL FUND (BNO)
We have just closed a very profitable trade on crude oil in the ZYX Short Sell Change Alert. The trade involved a spread between United States Oil Fund LP (USO) and United States Brent Oil Fund (BNO). Following are two relivant posts from the Real Time Feed of the ZYX Short Sell Change Alert: LETS UNDERSTAND USO AND BNO TRADE BNO, which represents Brent crude is primarily used in Europe. Libya is a big producer of Brent crude. When the rebellion in Libya started, Brent crude prices rocketed. Now that Libyan crisis is coming to