USO..not the best oil trade but I stay long!I am still long oil with around 125% return on my position.
The oil WTI futures Backwardated previously; now Contango indicating a normal growth market.
I expect additional returns on a growth path. No hyper inflation.
The "Green new deal' not affecting exports and world demand as economies re-open.
I wil get into higher beta trades with oil's pick-up but keep Keep an eye on OPEC but with a short dollar I expect upward pressure.
