ETFS Leveraged Crude down 10% ?

This is a discussion on ETFS Leveraged Crude down 10% ? within the Energy forums, part of the Commodities category; I don't know who would use ETFs to speculate in crude, gold and other commodities. My theory is that the ...

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I don't know who would use ETFs to speculate in crude, gold and other commodities.

My theory is that the USO target audience is either a) retail investors herded towards the ETF by some very clever marketing; b) institutional investors that are constrained by some weird regulaton that allows ETFs and nothing else.
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