Oil Prices Crash - What You Need to Know about USO Stock & XLE Stock

Oil prices crashed on economic data and OPEC supply glut, and here is a breakdown of USO stock - the Oil Trust ETF - & XLE stock - the energy sector ETF.  I have been playing the short side of oil prices the past few weeks.  I have been selling in to USO stock - the oil trust ETF - and XLE stock - the energy sector ETF - the past few weeks and this latest move has made a considerable money in valuation for my account.  Look for oil prices to continue to move lower and look for XLE stock, the energy sector ETF, will move lower.  The energy sector is dependent upon the price of oil. WIth oil prices crashing, USO stock, the oil trust ETF went lower.  This will push XLE stock, the energy sector ETF lower.  

bit.ly/ViewMySubstack

• #education
• #stock_market
• #stock_options
• #spy_stock
• #qqq_stock
• #tlt_stock
• #uvxy_stock
• #the_vix