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The USO Oil Fund - a popular exchange-traded....>

OIL
OIL: The USO Oil Fund - a popular exchange-traded fund - was halted earlier for
trading pending its announcement that it would suspend the issuance of
additional creation baskets. Will continue trading on NYSE though. Effectively,
it is not taking on more positions, with significant volatility in the oil
futures market.
- USO has 78.5% of its $4.1trn net assets in Jun20 oil contracts (ICE + NYMEX),
and holds around one-quarter of total outstanding Jun20 NYMEX WTI futures, as of
their April 20 holdings report. No May Oil contracts reported, though.

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