USO at $17? 1:8 Reverse Split (What It Means! + NEW USO Update!)

Why is USO up today? In this video, we review the USO stock's $17 1 to 8 reverse split (1:8) and what this means for anyone who bought the USO stock. We also review what are the reasons why USO is doing this reverse split now. Finally we review USO's latest strategy adjustments from its new disclosure where they are allocating more weights in future months. USO stock price ultimately relies on the short term oil demand. In the latest disclosure, USO fund is now allocating more weights towards the months ahead and reshuffling its oil futures contracts allocation to alleviate the lack of short term demand for oil.

#USO #USOstock #USOReverseSplit

ALSO CHECK the other videos in the series:

TOP 5 OIL STOCKS that can SURVIVE OIL CRASH (FULL DETAILS!)
https://youtu.be/nYnpd_19oww

NEGATIVE OIL: What it means? Should You Buy? (USO DBO XLE VDE)
https://youtu.be/znaTv8bpZk8

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CME Crude Oil Futures:
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

USO Disclosure:
https://www.streetinsider.com/Corporate+News/United+States+Oil+Fund+%28USO%29+discloses+update+on+investment+in+oil+futures+contracts/16787504.html

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DISCLAIMER: I'm not a Financial Advisor, and this video is just my opinion.
Please due your own diligence invest at your own discretion.

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Видео USO at $17? 1:8 Reverse Split (What It Means! + NEW USO Update!) канала The Young Investor Guy