ETF which reflects oil price in Australia?

I麓m looking for the symbol of an ETF which, like USO, tracks oil - not in the US, but which reflects oil price in Australia, AUD nominated and traded in Australia. Could you please tell me the symbol of that ETF I麓m looking for? And which stocks/ETF recorded in the past 2 years a value loss that is over 10 times its current value ?ETF which reflects oil price in Australia?
if you trade USO , look at USL.


USO gets hit hard with Contango, when the front month oil futures drop and the ohter months do not drop that hard, USO gets hit anyway.


USL tracks the 12 month Oil futures and is less likely to get hit hard when the front month prices fall.


http://www.forbes.com/forbes/2009/0330/0鈥?/a>ETF which reflects oil price in Australia?
There is no oil ETF's in Australia. My recommendation would be to buy Worley Parons shares (WOR). I own some and they're making a steady up-trend: http://www.asx.com.au/asx/research/compa鈥?/a>





There is a way to buy USO through a Comsec international shares account: http://www.comsec.com.au/Public_FrameSet鈥?/a>





Ring the CommSec International Desk on 1300 361 170 and ask if you can buy US ETF's