UCO has experienced intense Contago losses

Long dated puts on UCO would have been the most profitable investment EVER! Well, you get the idea.

USO behaved far better, and it is not leveraged as one can see.

However, its performance has not mirrored the index, WTI

Although that WTI doesn't exactly mirror this WTI:

As can be seen, basic commodities such as oil, etc, are excellent things to trade given a fundamental basis in reality. I will be on the lookout for such profit scenarios in the future.