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By Mark Kennedy, About.com Guide to Exchange Traded Funds

New Oil ETF

Thursday July 2, 2009

New from the makers of USO and USL...the US Short Oil ETF! Fun for all ages!

Kidding aside, there's another new oil ETF for our ever-growing list of oil ETFs and ETNs. This time US Commodity Funds will be launching a single leveraged short ETF to add to their oil ETF product line. The new inverse ETF, United States Short Oil ETF (DNO), is set to trade this month.

Just in time for the big Fourth of July weekend, another way to invest in oil without drilling a hole in your backyard. Instead, you can enjoy the fireworks.

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