From Indexuniverse.com: Investors in basic materials and oil exchange-traded funds have been getting burned since last spring. And it hasn’t been pretty. Take the United States Oil ETF. Since its peak last July at $119 a share, it has fallen to trade around $25. That’s a 79% free fall.
Even the United States 12-Month Oil ETF has been hit hard. It’s the sister ETF, and as the name implies, USL trades in the 12-month oil contract (USO buys the front-month contract). USL has dropped 72% in the same time frame. …. Full Article: Source