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UCO: After A Slow Start, Oil Has Plenty Of Bullish Momentum Now - Seeking Alpha

The purpose of this article is to discuss the ProShares Ultra Bloomberg Crude Oil ETF (NYSEARCA:UCO) as an investment option at its current market price. UCO is a double long instrument, designed to return two times the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. This is a futures market product, so it may not directly follow the current price of crude, but I personally feel it is as good a way as any to access the oil market.

seekingalpha.com     Sep 05, 2023