Trading Oil Through an ETF

There are now ETFs (Exchange Traded Funds) that, instead of tracking stocks, track commodities.

So, instead of trading futures, which are heavily leveraged, you can now trade commodities just like stocks.

There is an ETF called USO which follows the price of oil.

In hind sight, it would have been a good investment over the last year.

However, now that oil prices have gone up so much without a correction, I'm not sure if oil will go up a lot more in the near future.

In fact, if the dollar should stop declining, or strengthen, I think the price of oil may drop.

If the price of oil should decrease, it could give you a good opportunity to buy USO, because I think that, over the long term, oil prices will increase (i.e. it will fluctuate with higher highs and higher lows).