USCF lists oil fund on NYSE Arca

The fund is designed to reflect the changes of the spot price of Brent crude oil, by measuring the price of the relevant futures contract. The contract, traded on the ICE Futures Exchange, is the near month contract to expire, unless the contract is within two weeks of expiration in which case the contract will be the next month to expire. Although the fund primarily invests in futures contracts for crude oil, it can also invest in other related vehicles such as cash-settled options on futures contracts, forward contracts for crude oil, cleared swap contracts and over-the-counter tran...