Oil ETFs: Worse, Not Better, as OPEC Cuts Back

Markets ETF Trends

Last week was another brutal one at the office for oil and the related exchange traded products. Although the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, rose nearly 1% last Friday, the benchmark oil ETF fell almost 4.4% for the week. That brings USO’s year-to-date loss to over…Click to read more at ETFtrends.com.

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