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USO: Uncleared and present danger

Summary:
© AP The United States Oil Fund, currently the world’s most controversial exchange-traded product, has just filed a staggering update to the SEC. (h/t to the FT’s Phil Stafford.)It notes (our emphasis): RBC and other market participants , including other FCMs, have taken risk mitigation measures that constrain USO’s ability to invest in the Benchmark ...

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