Historical Year Data · 2016
Oil ETF (USO) in 2016
Oil ETF (USO) opened 2016 at $87.84 and closed at $93.76, a +6.74% move for the year. The high of $99.44 was reached on June 8, and the low of $63.68 on February 10.
Open
$87.84
2016-01
Close
$93.76
252 data points
High
$99.44
Jun 8
Low
$63.68
Feb 10
Full Year Change
+6.74%
2015 Change
-44.70%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $87.84 | $77.2 | $87.84 | $65.92 | -12.11% |
| Feb | $72.16 | $72 | $74.72 | $63.68 | -0.22% |
| Mar | $73.2 | $77.6 | $84.72 | $73.2 | +6.01% |
| Apr | $74.64 | $90.4 | $90.4 | $72.64 | +21.11% |
| May | $88.4 | $94.96 | $96.24 | $85.44 | +7.42% |
| Jun | $95.44 | $92.56 | $99.44 | $89.12 | -3.02% |
| Jul | $94.24 | $78.08 | $94.24 | $77.36 | -17.15% |
| Aug | $75.28 | $82.88 | $90.72 | $74.64 | +10.10% |
| Sep | $80.48 | $87.44 | $87.68 | $79.84 | +8.65% |
| Oct | $88.8 | $84.24 | $93.36 | $84.24 | -5.14% |
| Nov | $84.56 | $87.44 | $87.44 | $78.16 | +3.41% |
| Dec | $90.64 | $93.76 | $94 | $88.72 | +3.44% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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