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Well there you go. You could lose the entire investment after all !

Both Aussie "OOO" and it's brother from another mother US "USO" will both underperform Crude Oil price. Both over longer periods of time as you are suggesting due to fees and futures contracts swaps and in the short term as we found out with Contango issues, I'll copy and paste what I posted earlier for your consideration:

Thanks cutz, I am up monitoring what the F this thing is up to. As usual: A massive underperformance by about 6:1 to Oil price.

Yes I know all that said about Futures contracts being swapped around and contango etc, but man o man an ETF that is supposed to track Oil price, this is screwed up !

Here's the Black Liquid itself (Used to be so valued/priced and even called Black Gold):

Here's the ETF:

Gives little hope for asx: "OOO" to have a good recovery, even with a 27% odd price rise in Crude.