A Mega-Bullish Oil Forecast
This article was originally published on ETFTrends.com.
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, returned 2.44% and 5.34%, respectively, in August. Some oil market observers believe crude can continue surging. Analysts at Commerzbank said the report of lower output [...]