(Reuters) – The United States Oil Fund LP, the largest oil-focused exchange traded product (ETP) in the country, may begin investing in oil futures contracts expiring in several months, rather than just the front-month and second-month contract, the ETP said in a filing https://bit.ly/2XWrj3L%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B on Wednesday.
USO said it may invest about 20% of its portfolio in crude oil futures contracts on the NYMEX and ICE platforms for June, about 50% in July, 20% in August and 10% in September contracts.
(Reporting by Shariq Khan in Bengaluru; Editing by Shounak Dasgupta)
