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USO - USO: Do Not Be Fooled By Liquidity Low Oil Prices Are Here To Stay
United States Oil Fund
Introduction
Since the start of the year, the oil price is down nearly 70% and many analysts have been questioning if the black gold has found its lows at $20 a barrel. It is mostly certain that the oil shock on its own would have sent the world into a mild recession, but the uncertainty over COVID-19 in addition to the global lockdown will severely impact global GDP in the first half of this year. Based on different computation, it is fair to say that nearly 15% of global GDP in advanced countries will be