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This ETF lost almost 90% of its value… while the price of oil barely moved.This is what happened to the United States Oil Fund (USO) from 2008 to 2022.The culprit? Contango.Every month the ETF had to roll futures contracts — selling low and buying high. That negative roll yield quietly destroyed returns.This isn’t just USO — it happens to most futures-based commodity ETFs.Save this before you buy any commodity ETF.Comment “CONTANGO” below if you want the full breakdown.Source: FX Empire / Kris L
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