Pete and James take a look at the crude oil market compared to stocks in the crude oil industry.
The oil services sector has not participated in the rally we have seen for crude oil futures or the crude oil ETF.
Pete and James look at trade examples where they may get long oil service stocks (OIH) and short USO, the crude oil ETF.
The also discuss the composition of USO and the nuances of rolling the futures, as the fund managers have to do on a monthly basis. The full portfolio build up of USO can be found!