- The United States Oil Fund was sitting on more than $700 million in unrealized losses at the end of March.
- USO also booked actual realized losses of $466.4 million during March.
- Several weeks before the market fully grasped the outsized role it would play in this month’s unprecedented collapse in the price of front-month oil contracts.
The United States Oil Fund (USO), the world’s most popular exchange-traded fund linked to crude oil prices, was sitting on US$725.5 million in unrealized losses...
http://mfame.guru/big-crude-oil-futures-in-a-whopping-726-mln-unrealized-losses/