USO stock
Definition
The ticker symbol for the United States Oil Fund (USO), an exchange-traded fund (ETF) designed to track the daily price movements of light, sweet crude oil, specifically West Texas Intermediate (WTI).
A financial instrument popular among investors betting on oil price volatility, offering exposure to crude oil without the mess of actual drilling.
Examples
With oil prices spiking like a bad horror movie plot twist, my USO stock portfolio is suddenly gushing profits.
I threw some cash into USO stock, betting on geopolitical drama to turn my spare change into black gold.
Forget digging your own well; just snag some USO stock and ride the crude rollercoaster from your couch.
My financial advisor scoffed at USO stock until the pump prices made it the hottest ticket in town.