$USO - Folks are talking about the increase in oil supply due to fracking and tar sands oil in North America, and the lack of demand due to slower economies across the globe. Another reason is the strengthening dollar. Oil is denominated in US dollars, and as the dollar gets stronger then each dollar can buy more commodities, such as oil.
The dollar gets stronger as other world central banks print money at the same time the US Federal Reserve ends QE.
Filling up at the gas pump is about to get even cheaper
By Claudia Assis, MarketWatch
MarketWatch - MarketWatch - Wed Dec 3 21:40:14 UTC 2014
SAN FRANCISCO (MarketWatch) — Fill'er up! The good times at the gas pump will continue to roll. ...
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