Investors Betting on an Oil Rebound with USO

The story of oil’s demise is hardly anything new; the latter half of 2014 saw crude grab almost every financial headline. The fossil fuel, which had been at more than $100/barrel early last year, sank below $50 over the ensuing months, putting the squeeze on a number of stocks and funds. Despite the epic crash of crude prices, investors continue to bet on a rebound.