How Saudi Arabia can Affect Oil ETFs

Markets ETF Trends

The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, and other oil-related exchange traded products remain beholden to the Organization of Petroleum Exporting Countries (OPEC). Of course, that includes Saudi Arabia, OPEC’s largest producer.…Click to read more at ETFtrends.com.

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